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Park Logistics - Creating supply Chain Solutions

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Express Haulage ceases trading

  • 09 August 2013
  • By Ashleigh Wight

Runcorn-based Wellfield Trading, which traded as Express Haulage, has gone into administration.

Administrator Ansar Mahmood of Rimes Co said the company had ceased trading when he was appointed along with Nickolas Rimes and Adam Jordan, also from Rimes Co, on 23 July.

Mahmood said the administrators are currently trying to establish the sum available to creditors as Express Haulage had entered into a factoring agreement, where a business is given an advance on payment of sales invoices by a factoring company.

The company had no tangible assets to sell, he added.

Express Haulage’s director, James Hanna, could not be reached for comment.

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Article source: http://www.commercialmotor.com:80/latest-news/express-haulage-ceases-trading