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Euro freight firm seeks UK hauliers

24th October 1996
Page 7
Page 7, 24th October 1996 — Euro freight firm seeks UK hauliers
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Which of the following most accurately describes the problem?

by Karen Miles

• The new owners of the business of collapsed international freight organisation, Euroway SA, want to recruit UK hauliers to carry out work worth millions of pounds.

Two new sister companies, Euromodal Ltd in the UK and Euromodal SA near Dieppe in France, want a total of 30 UK and 95 French subcontractors to carry the £20m a year of custom they have taken over this month from Euroway SA.

"We have 85 trailers bought from Euroway SA and its customer goodwill and we need traction," says Alain Tremorin, director of Portsmouth.based Euromodal Ltd.

Tremorin recognizes a reluctance among UK hauliers to work for the new companies but stresses there are no common directors between the old organ isations and the new ones. A team of 14, including four based in the UK, bought Euroway SA's business from the French receivers on 1 October.

Euroway SA went into administrative receivership in June owing 110 hauliers £2m, including Lim to 40 UK hauliers. The company's collapse was triggered by the receivership of its parent cora. pany, AIL, which was owned by Christian Lemunier.

Jon Budd, director of Probo International Transport of Fareham, Hants, only expects to retrieve a small proportion of the £63,500 he lost when Euroway SA went down.

Euroway SA'sUK agent, Euroway International Ltd, which was based in Portsmouth, has ceased trading but has no debts and is not in receivership.