AT THE HEART OF THE ROAD TRANSPORT INDUSTRY.

Call our Sales Team on 0208 912 2120

New company registered after asset sale

13th November 2008
Page 7
Page 7, 13th November 2008 — New company registered after asset sale
Close
Noticed an error?
If you've noticed an error in this article please click here to report it so we can fix it.

Which of the following most accurately describes the problem?

B y Chris Tindatt THE MAN BEHIND the purchase of what remained of United Trailers (UK) after its closure last month (Uniter1Trailers (UK) collapses', CM 9 October) says he wants its suppliers and creditors to work with him.

Lee Skinner tells CM he has bought the assets, including its Cambridgeshire factory, machinery and "minimal" stock — but no liabilities — from Grant Thornton, from whom Ian Carr and John Whitfield were appointed as joint administrators on 3 November. Skinner has incorporated a new firm at Companies House, called United Trailers Wisbech in order to start trading.

He describes himself as an investor that "buys companies that have gone into distress-.

An inspection of the 29 companies he is listed as having been director of reveals that 24 have now been dissolved, two have been liquidated, one has a proposal for being struck off and two remain active.

Skinner says the trailer-maker

employed a skilled workforce but -was massively over-leveraged in terms of borrowings".

He claims he now wants to start giving people their jobs back, but he will neither confirm nor deny if he will employ United Trailers (UK) directors Kevin Pell and Kevin Wales. The staff at United Trailers (UK) were made redundant on 3 October.

The news comes as Fruehauf chairman Duncan Wordsworth reveals it has bought the designs and copyright for all the products formerly made by United Trailers (UK) from Grant Thornton.

Skinner says he met with Fruehauf's MD and talks of "crossfertilisation". But Wordsworth says: "if United Trailers Wisbech breaches our copyright, then we'll sue."


comments powered by Disqus