L&D goes into Redland tender receivership saves 50 jobs
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• Shropshire-based haulier and freight forwarder L&D International Transport has gone into administrative receivership following "cash flow difficulties".
The Oswestry operator, which also ran a freight forwarding arm, ceased trading last week.
Receiver Touche Ross said the company would have had to search for more contracts to continue trading, but this coupled with the cash-flow problem meant L&D finished trading.
Touche Ross says: "The pressure from creditors was such that we couldn't take the risk of transporting any more loads. The company had run out of work and would have had to go out and get some more."
The company employed six drivers and ran six tractive units. • Redland Distribution has won most of the contract to distribute Redland's bricks following the decision last year by the parent company to put the contract out to tender.
The move had raised job fears among Redland Distribution's drivers. Five, believed to have been based in Kent, have been made redundant.
But the decision to keep the work in-house with Redland Distribution is thought to have secured the work of between 50 and 60 drivers.
When Redland took over construction materials company Steetley two years ago it said it was planning to save £10 million from the two brick operations, Redland Distribution was formed from Steetley Transport and Redland Bricks' in-house transport operation.