Selway sells up to pay up
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• Owner-drivers owed money following the demise of Paul Se!way International Transport are likely to be paid at least 15p for every pound, says accountant Robson Taylor, which was appointed to put the Somersetbased haulier into voluntary liquidation last Wednesday (27 May).
The creditors, who are owed a total of £322,489, may get as much as 29p in the pound, depending on how much money is raised by selling its assets. But some of the operators are furious that they are only getting a fraction of the money they are owed, while PSIT director Paul Selway is already running another firm, Auto-European.
"It's disgusting that I've been forced to take out a loan and overdraft and put under severe financial strain and he's been able to set up another firm," says owner-driver Colin Minister. He claims to be owed £6,700 for three trips to Spain and Italy during March and April.