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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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Leonard Curtis is a trading style of Reach Commercial Finance Limited, registered at Riverside House, Irwell Street, Manchester, M3 5EN. Company Register number is 09056450. Reach Commercial Finance Limited is authorised and regulated by the Financial Conduct Authority, FRN: 753686. Reach Commercial Finance Limited is an authorised credit broker and not a lender. We work with a an unrestricted number of lenders to find a potentially suitable arrangement for your consideration. ICO registration ZA069234 and you can check via www.ico.org.uk. We will receive commission from lenders. Different lenders pay different amounts depending on different commission models. For transparency we work with the following commission models: fixed fee, fixed rate of commission, percentage of the amount you borrow and rate for risk (this is based on the risk profile of the business). Further details of the commission model, calculation and amount will be disclosed to you throughout your customer journey. Privacy notice.
Leonard Curtis Legal Limited is a limited company, registered in England and Wales with registered number 09820186. Registered office: Riverside House, Irwell Street, Manchester M3 5EN. Leonard Curtis Legal Limited is registered with the Solicitors Regulation Authority with number 626004.