- Administrators have suspended M&J Haulage Limited’s operations and all employees sent home
- Employs 24 people and a number of subcontractors, based in Snelland, Lincolnshire
- Company provided haulage and farming services in East Midlands area
- Chris Pole and Mark Orton from KPMG have been appointed joint administrators to the firm
- Impacted by reduced contract volumes leading to material downturn in profitability and subsequent cash flow issues
- Growing creditor pressure, inability to obtain further funding, and absence of committed increase in long-term orders, deemed a viable business no longer existed
Chris Pole, partner at KPMG and joint administrator, said:
“The company had recently seen a decline in its order book, which led to significant pressure on its cashflow.
“Over the coming days, we will be assessing options for the business, including the possibility of resuming operations, while we explore a sale of the business and its assets.”
NFU board chairman, Michael Sly, labelled the contractor ‘a pioneer’ in the industry harvesting and haulage scheme:
“The business is highly regarded by growers for its professionalism and the service it has offered and it is therefore unfortunate that a commercial solution has not been found to date.
“There is a possibility that this may impact on the current campaign.”
Source: Uk Haulier