P LIQUIDATION
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Cannon into voluntary Liquidation
TYNE AND WEAR haulier Cannon Transport has entered voluntary liquidation following a dispute with its fuel supplier.
A petition to wind-up the Washington-based firm was presented by creditor GB Oils on Friday 21 May to be heard at Newcastle-Upon-Tyne Law Courts on 29 July. However, on 23 June, the company called in liquidators Ian Kings and Steven Ross of RSM Tenon Recovery.
"The company has shut down following the withdrawal of its fuel account and because of various other reasons.
"Its clients have been moved on to another logistics supplier," a spokesman for RSM Tenon tells CM.
The liquidator did not reveal the number of redundancies at the business.
However, VOSA records show that Cannon Transport held an 0-licence for 22 vehicles and 16 trailers from its two units on the Bentall Business park.