Dews bosses’ new firm fails
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By Chris Tindall THE DIRECTORS of a failed haulage company, who agreed to buy its business and assets, defaulted on their payments three months after starting up a new irm, according to an administrators’ report.
Dews Haulage of Huddersield, West Yorkshire, entered administration last year after a dificult 18 months’ trading, according to The P&A Partnership.
In July 2010 directors Fiona and Tim Warburton attempted to buy it as a going concern for £71,400 for their newly incorporated irm Connect Freight. Employees of Dews, authorised to operate 24 vehicles, were transferred to the new irm, trading from the same address.
By September, Connect’s trading was worsening. The report says: “After being advised that the Warburtons were looking at ceasing to trade Connect,the administrators instructed agents to repossess the assets.”
Dews has now entered liquidation and it is expected that a distribution will be made to unsecured creditors, who are estimated to be owed £93,000. The Warburtons could not be contacted as CM went to press.