Fewer hauliers go to the wall
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• Three transport companies went to the wall last month — the same number as in September. But this represents a 14% fall on failures last year, according to statistics compiled by accountant Touche Ross.
So far this year 78 companies have gone into receivership compared with 114 over the same period last year.
Touche Ross senior insolvency partner Christopher Morris says the number of failures are indicative of the health of medium-sized companies, while liquidation figures reflect more closely the failure rate among small and start-up businesses.
One of the latest companies to fail is general haulier Hanisons Commercial Sales based in Knottingley, West Yorkshire, which operated 20 vehicles. Along with its subsidiary Bellgate (UK), Harrisons went into receivership on 21 October.
An auction of the vehicles belonging to Brain Haulage, which went into receivership in September with debts of more than £5m, will be held by receiver KPMG Peat Marwick on Monday 23 November at Brain's Grays, Essex depot.