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Wild drivers get the chop
Page 6
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Wild Logistics ceases trading and lays off its drivers — and they aren't best pleased. Sally Nash reports.
DRIVERS FOR Wild Logistics LLP, the operator that blockaded a Tesco depot over claims of unpaid bills, have been told the Redditch -company has been forced to cease trading and they are redundant.
In his letter to drivers MD Richard Wild says the Insolvency Advisory Service advised him to :ease trading.
He says the business has been Factoring its invoices to speed up :ashflow. The factoring company imposed a £10,000 default limit on nearly all of Wild's clients. After that the firm could not take on additional work as no further Funds would he advanced.
The factoring company "failed lo get the cash necessary for [the :ompany] to survive", he claims, Wild also blames non-return of Proof of Delivery notes by drivers and a bad debt of £67,000 for the decision to close the business.
"You will understand that this decision has been hard but necessary as there remains a requirement at all times to consider the company's creditors," says Wild.
A deal to attract new investment in the company had fallen through.
The letter to drivers says their employment has been "terminated with immediate effect" and lists the steps they could take to try to obtain payments.
CM has been inundated by calls from furious drivers who are each owed several thousand pounds.
Adam Millichip says he is owed just over £4,000 for two months' wages He left before the company ceased trading because he had not been paid. He may be forced to sell his house because of the unpaid wages but adds:"I will get my money even if I have to sell my house and pay to go through the courts" Other drivers say they are owned between E3,000 and £4,900. Polish drivers are understood not to have been paid for several months One driver summed up their feelings: "Wild has simply washed his hands of it and walked away from it all." Wild rose to prominence in the trade and national press after staging a two-truck blockade of a Tesco RDC near Southampton because he complained it was not settling its bills.
In the run-up to the closure, Collease Truck & Trailer Rental took back all 15 trucks and 15 refrigerated trailers on hire to the company after discovering they were uninsured.
CM was unable to contact Richard Wild for comment.