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Transport crashe!

28th September 1985
Page 6
Page 6, 28th September 1985 — Transport crashe!
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Which of the following most accurately describes the problem?

'worse than national average'

OVER 700 transport companies failed in the first six months of this year.

Dun and Bradstreet, which has surveyed the business failures among the 62,886 transport and corn muni Ca LiOnS businesses registered for VAT, found that 459 went into liquidation and another 242 went bankrupt in the first six months of this year.

Of these, 373 failed in the first quarter, 328 in the second.

The company says transport firms should be aware of the status of their customers and suppliers.

This, it adds, is especially important as the 1.1 per cent failure rate in transport contrasts with the 0.5 of one per cent average for all business failures.

In another report just published, ICC Business Ratios has surveyed two years' results of 536 English road hauliers and found only half have increased their profits.

In London and Southern England, 51 per cent of the companies increased their profits. In the Midlands and North, the figure is 52 per cent.

But the number making losses is reducing. Compared with their previous accounts, the number in London and the South making losses has fallen from 35 per cent to 25 per cent, while in the Midlands and North it has fallen cfreonitin 33 per cent to 22 per


Locations: Southern England, London

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