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Transworld goes under

23rd May 1991, Page 13
23rd May 1991
Page 13
Page 13, 23rd May 1991 — Transworld goes under
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• Up to 1,000 owner-drivers throughout the UK are owed money by Transworld Distribution Services which has crashed with debts of "many thousands of pounds".

Receiver Sorsky's of London has appealed to anxious ownerdrivers to be patient after it was snowed under by telephone calls when the news broke.

"We are working as hard as we can to help owner-drivers who are owed money and we will get back to everyone who has contacted us," says Mervin Langley, partner in Sorsky's. "I feel so sorry for them—the hauliers are nice people who have worked hard and not got a penny."

A creditors' meeting was due to take place at the University Arms Hotel, Cambridge yesterday (22 May) at which Langley hoped to announce payment of 20p in the pound to hauliers owed money.

Transworld has nine UK depots with a head office in Denby Dale. The company runs no vehicles itself. Until April a regular advertisement in CM offered hauliers "guaranteed return loads", listing depots in Warwick, Middlesbrough, Hull, Felixstowe, Scotland, Huddersfield, Immingham, Tilbury. and Widnes.

Transworld says it went

Tags

People: Mervin Langley
Locations: Cambridge, Felixstowe, London

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