I see from Sky News and the Scotsman that it is likely the above 11300 vehicle hire company will be placed into receivership.I wonder what will happen to all there clients who have trucks and vans off them,I estimate TOM has borrowings of £250m.
That’s a surprise. Truck hire seems to be a sure thing. Too many players in this market now?
Yep, gone bang! They did seem very ambitious, too much so obviously.
Aberdeen now looking for an Iveco and a Merc dealer.
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It all started going pear shape a couple of years ago when they where sold to venture capitalists …They supplied British Bakeries and Long Lane Deliveries to mention 2…I know Merecedes have taken on some mechanics and office staff…Most people should find a job reasonably easily ,crying out for mechanics up here …And it has been on the rumour mill for god knows how long that they where going pear shape ,and like most ,they wait till just before the end of the financial year