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Coventry Express Services 'will no longer operate'
Page 12
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Administrators have been called into international haulier CES to dispose
of its assets; the firm had debts of Elm. Chris Tindall reports.
COVENTRY EXPRESS Services (CES), the Midlands haulage company that was served with a winding-up order by HM Revenue and Customs (HMRC), is thought to have racked up debts of around fl ill before administrators were called in.
As many as 58 employees lost their jobs at the company, which handled international work all over Europe, including Turkey, Greece and Romania.
Many of the 50-odd drivers only found out about the trouble the firm was in when they turned up for work at its Exhall depot two weeks ago (CM 8 February).
This was despite HMRC presenting a petition in the Royal Courts of Justice to wind it up last November.
Administrators at KPMG say that as a result of this petition the company had already ceased trading when it was appointed on 1 February.
A KPMG spokesman says CES's bank account was frozen and its 0-licence was revoked: "KPMG was appointed by the courts," he says.
We will dispose of its assets and deal with creditors' correspondence. This business will no longer operate."
CES's last set of accounts, for the year ending 31 December 2005, showed that it made a preAt that point the company's shorttax operating loss of almost terrn debts were said to be approx£400,000 on a turnover of £4.5m. imately £2m.