Just seen they have leased a few new distance Renault privilege units and they seemed to have moved to Flitwick.
london-gazette.co.uk/issues/ … pointments
iirc arnt martran a part of this group ?
looks like they have been up dating their vehicles for the past 3 yrs i think they too much on have the drivers lost their jobs r i p trans haul
New DAF anyone?
Santa:
New DAF anyone?
proberly back to dealership croydon beddington rd
d
Big ■■■■:
i went for a interveiw with them last year as a nite trunker glad i did not get it now . They have not been going very long have they
its getting bad
Big ■■■■:
i went for a interveiw with them last year as a nite trunker glad i did not get it now . They have not been going very long have they
Thats you and me that have been lucky because i went for the same job
They appear to have applied for an O-licence in the name of Trans Haul (Europe).
In fact - here you go:
Another flipping pre pack administration helping keep loss making firms in business I really don’t buy the “keeping drivers is jobs” argument cos if the freight is there to be moved then another haulier (who is capable of running a business at a profit) will step in and do the work. All this does is keep a loss making firm in business while there are no doubt profitable ones laying drivers off due to lack of work.
Paul
Could someone please explain to me what a “Pre Pack” deal is.
Thanks
In short it is where a company that knows it is about to enter administration sets up a new business, usually with a similar name, and arranges it so that upon entering administration its assets are immediately sold to the new company which then starts trading as if nothing had happened, but free from all the debts the original company had.
The best known example of this in our sector is Bulmers who overnight went from being Bulmers Logistics to Bulmers Transport. People had been saying for years that they were growing too fast and that the rates they would work for couldn’t possibly leave a profit and it seems they were right.
Personally I don’t see how in the long term they can in practice be good for anyone other than the owners of the failed firm. It is my view that these companies that are running at a loss should be allowed to fail as there is at this time a lot of overcapacity in the haulage sector which is one of the main reasons that rates are so consistently poor. In the short term the drivers benefit as in most cases the majority of them keep their jobs but at the end of the day if there is work there that needs doing then another firm that is running at a profit will take it on and that will in many cases mean employing more drivers anyway.
In the mean time anyone who was owed money by the old firm (which might well include small hauliers and owner drivers who were subcontracting for them) lose whatever they are owed, possibly also putting them out of business.
Paul
There is an argument that says that companies fail for any number of reasons - for instance Trans Haul are blaming the loss of a contract and bad debts - and that they deserve another chance. Unfortunately all manner of other companies get swept up in this and the law doesn’t discriminate between businesses that have gone under because of mismanagement and those that are taken down by customer failure.
I can’t remember the exact statistic, but a reasonable percentage of companies that undergo pre-pack subsequently fail.
Dom Perry
Motor Transport
Dom Perry:
the law doesn’t discriminate between businesses that have gone under because of mismanagement and those that are taken down by customer failure.
but one could argue that if you allow yourself to get into a position where one, or even two, of your debtors failing takes you down also, that is mismanagement in itself
True enough, just playing devil’s advocate really.
From a close friend who done it with hes firm but not transport , what happens is if you own lots of money the best think is to sell it or make a bankrupt that way you don’t have pay the money back as everything is on hire they can’t take nothing away and then next person buys out the business with out to pay anything to loan comapnys ect. just start fresh and that could be anybody.
I think I understand this right
malenki22:
From a close friend who done it with hes firm but not transport , what happens is if you own lots of money the best think is to sell it or make a bankrupt that way you don’t have pay the money back as everything is on hire they can’t take nothing away and then next person buys out the business with out to pay anything to loan comapnys ect. just start fresh and that could be anybody.I think I understand this right
and the downward spiral starts, the suppliers, loan companies, hire companies, lose out, and increase their rates to everyone else which in turns hurts the other companies.
The TC’s should be stopping these prepacks or any type of financial administration. If you cannot pay your way, you should not be allowed to trade for at least 10 years.
your right Wheel Nut about the trading band but is all down to managing the bussines right but if the boss looking for more money to put in their own pockets then the bussines, thats when things go wrong, correctly me if I’m wrong but on another hand if someone will buy out the bussines then people who worked for them they have a chance to keep their jobs, if the bussines will be band for 10 years lets just say there is 100 workers on the street looking for job
if they have gone into administration or made bankrupt, how have they got the funds required to satisfy VOSA for the operating licence?
such as Bulmers, the amount of trucks they run, £6200 for the first and £3400 for every other one, lets say 100 trucks, that would equate to £342,800 of available credit just to satisfy the requirement
if they have just gone bust, where have they suddenly got that amount of money from?
and surely, the CPC holder would have also lost their repute for going bust too?