1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192 
MAT Group in administration
Page 7
If you've noticed an error in this article please click here to report it so we can fix it.
HAULIERS OWED MONEY by cash-strapped MAT Group are anxious to discover whether they will receive anything from the firm after it was placed into administration this week.
Accountants KPMG were called in to the London-based business on Monday 6 March.
MAT's last accounts at Companies House, for the year ending 30 September 2003, show that it turned over £65.9m but has been making year-on-year losses.
In the report, the chairman at the time. Michael Clark, said he was given the task of reducing the accumulating debts. which by 2002 had reached £l.lm.
But in 2004 MAT Group was acquired by haulage entrepreneur Brian Rosier, through his company Mead mile, and there was optimism that the firm's fortunes could he reversed.
Rosier promised the buyout of MAT Group would be the first in a series of planned acquisitions to create a global logistics firm. Despite the poor results, subcontractors working for MAT admit to being surprised by the company's financial crisis.
Haulier Alan Bond says he is owed a total of f46,000— and he had believed the company was "solid as a rock".
The company was also a member of The Pallet Network (TPN)— it joined in August 2005 to cover the Ilford, Essex postcode. CM 's sister paper Motor Transport claimed it was instrumental in setting up this deal.
TPN director Richard Eldred says MAT has left the network; its area is now covered by neighbouring member GC Distribution.
MAT group was started 80 years ago by the Kunzler family and specialised in machinery and transport. The last family member retired from active involvement in 2001.
• Sandbach, Cheshire-based .1 Chadwick Transport has quit the industry citing growing cost pressures. It ran 14 trucks hut a few years ago had a fleet of 90 vehicles on contract with Bargain Booze.
A related maintenance company, John Chadwick Engineering, continues to trade as normal.