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On the edge

27th January 2000
Page 4
Page 4, 27th January 2000 — On the edge
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Which of the following most accurately describes the problem?

(;. Drivers employed by Manchester-based PJN Freight (International have been laid off while its directors try to rescue the business, which employs 13 people.

Commercial director Rod Sparks says that the firm has a bright future but is suffering from a lack of working capital which forced it to turn down a £22,000 contract over Christmas.

"I have established contacts with a number of prospective investors but as yet none of them has signed up." says Sparks. The company could succeed, given backing."

PJN Freight (International) was set up to safeguard jobs before a previous company. PJN (Freight), collapsed last September. PJN Freight (international) is run by Sparks, chairman and managing director Ray Nevin and operations director John Nevin.

PJN (Freight) was run by Ray Nevin's son Alan, who was made bankrupt on its collapse.

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Locations: Manchester

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