AT THE HEART OF THE ROAD TRANSPORT INDUSTRY.

Call our Sales Team on 0208 912 2120

Collapse of customer led to administration

17th November 2005
Page 19
Page 19, 17th November 2005 — Collapse of customer led to administration
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?

HAULIER Dunns of Shildon, in County Durham, has gone into administration following the collapse of a major customer.

Dunns has ceased trading and 30 of its 34 staff have already been made redundant, according to Gordon Goldie of administrator Tait Walker, Goldie reports that the closure of a business that owed Dunns lot of money" made it impossible for the haulier to continue. Dunns' assets are now being sold to pay off its creditors. its understood that the customer whose difficulties caused knock-on problems for Dunns was car components firm Vicker Pressings Tolwood Automotive (VPTA), based in nearby Newton Aycliffe. It went into administration last month.

Goldie adds: -This sort of problem is becoming endemic and one has to wonder where the transport industry in this country is heading."

Dunns started over 80 years ago, distributing coal by horse and cart.

Tags

Locations: Durham

comments powered by Disqus