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All jobs rescued at freight transport firm following sale
16 jobs have been saved following the successful sale of a UK freight transport firm.
Mike Dillon and Rochelle Schofield of Leonard Curtis were appointed administrators of JPA Transport Services Ltd on 8 June 2023.
JPAes principal activity was as a freight transport company, by road only. The business has been trading successfully since 2012 and suffered as a result of a countrywide shortage of HGV drivers following the UK leaving the European Union and latterly the COVID-19 pandemic causing nationwide restrictions.
Salary expectations of qualified HGV drivers and a dramatic increase in fuel costs resulted in JPA falling into arrears with its creditors.
Following the appointment of the administrators, a sale of the Companyes business and assets was completed to ABA Transport Services Ltd with all 16 jobs transferred under TUPE to the purchaser.
Joint Administrator Mike Dillon commented: The pre-packaged sale achieved represents the best outcome for the Companyes creditors as a whole and has resulted in the successful transfer of all jobs to the new entity."
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Reach Commercial Finance Limited. Registered in England no 09056450. Leonard Curtis is a trading style of Reach Commercial Finance Limited. Leonard Curtis is a broker not a lender and is independent with access to the whole of market. We may receive commissions that will vary depending on the lender, product or other permissible factors. The nature of any commission model will be confirmed to you before you proceed. Authorised and regulated by the Financial Conduct Authority FCA no. 753686. Registered with the Information Commissioner’s Office reference ZA069234
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