Transportomatic ceases trading
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STAFFS-BASED haulier Transportomatic has ceased trading, leading to the loss of 40 jobs, a victim of the downturn in the construction market.
Transportomatic specialised in transporting and storing fragile goods, such as shower screens and mirrors, for the building trade. However, it suffered a decline in volumes as housebuilding slowed during the recession.
Mustafa Abdulali, of Stoke-on-Trent liquidator Moore Stephens, who was appointed to handle the firm’s winding-up on 11 June following a creditors’ meeting, says: “As the recession continued, the firm began to make losses and this, coupled with rising overheads, meant it could no longer continue, despite having received financial support from the parent company, which operates in an entirely different market.” Transportomatic was incorporated in 1992 and traded profitability until the downturn, adds Abdulali. Family-run, it was owned by parent firm John Moore (Tractor) Parts, which was still owed £144,642 when the haulier collapsed, according to the liquidator’s statement of affairs.
The company entered liquidation with an estimated creditors’ deficiency of £517,622.
Unsecured trade and expense creditors were owed £186,880.
John Moore (Tractor) Parts is unaffected by the closure of Transportomatic.