Manager left Dual
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fearing for viability MAN is 'close to a deal A farmer manager of failed haulier Dual Carriage, which went into liquidation last week, says he left the company more than three years ago because he feared the director John Parkinson was running it into the ground.
His departure, along with two ether senior managers, came soon after John Parkinson had bought the
Liverpool-based container haulier Dual Carriage as a viable business in May 1995. It ceased trading on 15 October following weeks of speculation about its future.
The former manager says: What was common to all of us at the time was a total difference of opinion on how Parkinson was doing things. It's important to state that Dual Carriage was viable at the time he bought it,"
The manager's main con
cern was with respect to money being transferred out of Dual Carriage into other divisions of the TA Croup Holdings group. "It was my opinion that those transfers were damaging the company," he says.
The news came as the liquidator of Dual Carriage launched an investigation last week to determine whether Parkinson had been trading while insolvent in the months preceding the liquidation.
During angry exchanges at the creditors' meeting in Liverpool last Thursday, subcontractors told Parkinson they had lost their houses as a result of the liquidation.
Elia Sanderson, from SJS asked: "Have you lost your house as a result of this? I hope you can sleep at night because I can't." At one point Parkinson was asked to treat the subbies with more respect after telling one of them "net to be daft".
The liquidator, Ian Millington from Mitchell Chariesworth, later told them there would be no money left once the preferential creditors had been paid and that the company had a deficiency of £2.7m. He was particularly concerned with how £600,000 had been lost in this year's trading alone.
II It also emerged this week that Parkinson was the director of Liverpool-based Trailer Repairs—a company which went bust in 1991 and was the subject of a compulsory wind-up order.