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P BUSINESS FAILURES

10th July 2008, Page 6
10th July 2008
Page 6
Page 6, 10th July 2008 — P BUSINESS FAILURES
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large-scale redundancies inevitable' at Macfarlane

MACFARLANE TRANSPORT called in the administrators last week, blaming rising fuel costs and an increasingly competitive market.

The Leeds-based haulier's 300 staff are likely to be made redundant after the company was unable to find a buyer.

Macfarlane was founded in 1978, and grew to become a well-known haulage operator with 100 trucks and a turnover of £20m. K.PMG Restructuring was called into handle the administration on 2 July. Joint administrator Richard Fleming says: "An ongoing sale of the business has been energetically sought, but was not achievable.

"It's very unfortunate that this longestablished business has been unable to survive and that large-scale redundancies will be inevitable as a result."

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People: Richard Fleming
Locations: Leeds

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