1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160 
Transport firm closures rise
Page 8
If you've noticed an error in this article please click here to report it so we can fix it.
a The number of transport businesses failing in the first six months of 2003 has risen by more than 9% compared with the same period in 2002. In fact, the transport industry is bucking the national trend of a general decrease in business failures.
The latest survey by business solutions company Experian shows that se far this year, 295 transport firms have gone under. This compares with 270 failures in the first six months of 2002. The biggest casualty so far has been logistics firm Seafield, which CM exclusively revealed had gone into liquidation (CM 31 July 6 August).
Transport was one of only 15 out of 34 industries surveyed that recorded a rise-9,092 companies have failed so far this year, compared with 9,451 during the first six months of 2002 -a fall of nearly 4%.
Phil Cotter, managing director of Experian's business information division says the general fall is because of more and more companies actively taking steps to improve their credit management policies, and monitoring their own status more carefully than before".