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Redundancies as haulage firm enters istration

Asha Patel
BBC News, Nottingham
Google A red lorry trailer with large red writing which reads: "B Taylor & Sons Transport Limited".Google
B Taylor & Sons Transport Limited has ceased trading with "immediate effect"

A haulage company in Nottinghamshire has gone into istration after 50 years of trading, with the majority of its staff made redundant.

B Taylor & Sons Transport Limited, based in Sutton-in-Ashfield, filed a notice of intent on Friday, with Benjamin Peterson and Danny Dartnaill of ancy firm BDO confirmed as t s on Monday.

The company, founded in 1974, has ceased trading with "immediate effect", BDO said.

In a statement, the s said B Taylor & Sons had been "negatively impacted by sector-wide issues", including reduced demand and cost inflation.

'Unsustainable commercial losses'

The haulage firm, which had 91 employees, had provided logistics and storage solutions services across the UK and international freight services.

BDO confirmed a small number of staff had been retained initially to assist the s.

Mr Peterson, BDO business restructuring partner, said: "Unfavourable market conditions have led to unsustainable commercial losses and, unfortunately, it has not been possible to secure a future for the company.

"As t s, we will be taking the necessary steps to maximise returns for the benefit of all creditors in accordance with our legal duties."

B Taylor & Sons Transport Limited has been ed for comment.

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