Liquidators look for debts as BSE freezes out Burway
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by Lee Kimber • Birmingham liquidators are sifting through lists of debtors in a bid to find £460,000 after the I3SE crisis forced Shropshire specialist chilled meat haulier Burway Transport into voluntary liquidation.
Burway, set up 14 year ago by Meirion Jones, collapsed in February owing £616,296— another casualty of Europe's ban on British beef.
But liquidators KJ Watkin and Deloitte Touche hope to recover some of the £459,000 the company was owed to pay the £312,000 in truck and trailer lease closure clauses triggered by its collapse.
Around 20 drivers were made redundant when the Church Stretton-based company collapsed and only a few have found jobs, according to a KJ Watkin spokesman.
At the moment we're hopeful there will be a dividend for creditors but at this moment we're unable to say how much," he says.
It could take three or four months to come up with the final figures.
The collapse prompted an FTA spokesman to criticise the Government's refusal to compensate hauliers damaged by
the beef crisis: "Nobody wave a thought to the haulier," he says. If things pick up again you've lost all this specialist expertise." Burway resigned from the FTA shortly before it collapsed.