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Silver Birch Container Services calls in the receivers

12th January 1995
Page 10
Page 10, 12th January 1995 — Silver Birch Container Services calls in the receivers
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Which of the following most accurately describes the problem?

• Sixty drivers of the West Yorkshire-based Silver Birch Container Services returned from the Christmas break lost week to be told they are to be made redundant. Directors asked the banks to call in administrative receivers on 3 January, when it became clear the firm could not finance debts said to total more than £1m. More than 100 staff are to lose their jobs if a buyer for the container storage and handling business cannot be found.

Official receiver Paul Stanley of Manchester-based Buchler Phillips Traynor says some drivers are still working out of the Newmillerdam site to clear customer orders. He has sent out details of the company to various haulage firms to find a buyer.

Silver Birch was formed in February. It was run by the children of Martyn Moss who ran Sanmar Container Services which went into administrative receivership at the start of 1994 WM 17-23 February) It used the same premises and employed many of the same staff. Silver Birch's managing director Dean Moss blames legal and insurance costs the company inherited from Sanmar for its financial difficulties and says a buyer was interested in the business before Christmas. Most of the Lim deficit involves Crown debts of VAT and PAYE, he says.

Anyone interested in buying the business should fax Paul Stanley on 061-832 7436.


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