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144 
Hauliers hit by Anglo Overseas collapse
Page 9
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By Joanna Bourke FREIGHT FORWARDER Anglo Overseas has gone into administration following a fall in freight volumes; up to 200 hauliers could he left out of pocket.
Administrator Vantis Business Recovery Services was called in on 16 January and, although parent Ziegler Group purchased seven of Anglo's 15 sites, hauliers have been labelled 'unsecured creditors' and may have to wait up to a year to see if they can collect any debts. Nigel Strike, senior manager at Vantis, says that up to 200 haulage contractors may be affected while 70 of the firm's 210 staff have been made redundant.
Glyn Mummery, a client partner at Vantis, says: -The company recently entered into a comprise agreement with HM Revenue & Customs regarding a VAT fraud, which, as it was acknowledged, was not the fault of the company or its staff. This, compounded with cashflow restrictions, has resulted in the withdrawal of group support."
In a company letter. Arthur Ziegler, chairman of Ziegler Group,states:"Exports from the UK are going backwards. With this reduction of volume, the trucks will not be full and income will diminish."
Road Haulage Association area manager for the South East David Scott Smith says:"It's going to leave a big hole in the market.