Bill Chippington closes doors dy Chris Druc., BILL CHIPPINGTON Haulage
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was placed into administration and ceased trading on 14 June when Peter Waste11 and Michael Young, partners at FRP Advisory, were appointed as administrators at the St Albans-based firm.
Waste11 said: "Bill Chippington Haulage had been struggling with its financial position. Refinancing options were explored, as was the viability of selling the business as a going concern, but regrettably the business has had to shut down with the loss of 53 jobs across the two trading sites.
"FRP Advisory is now taking steps to dispose of the company's assets, including its fleet of vehicles, in order to maximise the return for the company's creditors."
Eight staff will be retained at the haulier in the short term to assist this process, comprising six at its site in St Albans and two in Corby.
The firm was authorised to run 52 vehicles and 49 trailers at three locations (Corby, St Albans and Wolverhampton).
In January the operator had its licence curtailed by four vehicles with immediate effect for one month. At the same time, the firm's licence in the West Midlands was issued with a formal warning. The inquiry came after a Vosa investigation identified historic concerns in relation to maintenance standards. In April last year, Bill Chippington moved from Palletline to Pall-Ex to take on work across Hertfordshire, plugging the gap left by Miniclipper, which moved the other way.
Pall-Ex MD Adrian Russell said: "Prior to this announcement, the team at Pall-Ex was already in the process of restructuring this postcode area and undertaking member recruitment.
"The postcode in question is being covered by existing members DA Clayton, 1st Class Transport, Matthews Haulage, Woodrush Express Freight and Premier Palletised until our recruitment is complete and we are able to announce a new member."