United Trailers up for sale
Page 15
If you've noticed an error in this article please click here to report it so we can fix it.
' t by Kevin Swallow United Trailers and two of its body and trailer building subsidiaries have gone into voluntary receivership following losses of more than 18m. PricewaterhouseCoopers was brought in to handle the receivership process when United Trailers directors asked its bank to appoint administrative receivers on 31 October.
Wisbech Bulk Systems (WBS) and EM Wilcox, wholly owned by United Trailers, went Into receivership on the same day with an annual trading loss of £2.5m from a combined turnover of £14m. Creditors up to June 2000 are owed approximately £6m. most of the trading losses are said to come from WBS.
United Trailers has axed 90 of its 160-strong workforce from within the two subsidiaries as a result of the financial crisis.
The third company under the United Trailers banner, Bridge Bodies, is already dormant, with its business being transferred into United Trailers.
Sales director Marcus Layton confirms that EM Wilcox is in receivership.
Cambridgeshire-based EM Wilcox became part of the United Trailers group in 1997 in