HMRC mentioned it had “exhausted all different choices” earlier than transferring to wind up the corporate.
The freight firm had ceased buying and selling earlier than liquidators had been appointed (Picture: Getty Pictures/iStockphoto)
Scottish freight transport agency CCH Transport Restricted has plunged into liquidation after greater than 30 years in enterprise, with HMRC saying it had “exhausted all different choices” earlier than transferring to wind up the corporate. The South Lanarkshire-based street freight firm was handed over to liquidators Henderson Loggie in February after HMRC submitted a petition to Hamilton Sheriff Court docket in November demanding the enterprise “be wound up and a liquidator appointed”.
The Larkhall-based agency had already ceased buying and selling earlier than liquidator Shona Campbell was appointed by HMRC. Whereas HMRC doesn’t touch upon particular person circumstances, it mentioned: “We take a supportive method to coping with prospects who’ve tax money owed and solely file winding-up petitions as soon as we have exhausted all different choices, to be able to defend taxpayers’ cash.” In keeping with CCH Transport’s final filed accounts with Corporations Home in 2022, the enterprise had belongings with a internet guide worth of £130,410. The identical accounts present the corporate employed round 11 individuals.
The South Lanarkshire-based firm has gone into liquidation after greater than 30 years in enterprise. (Picture: Getty)
The collapse is the most recent blow for Scottish companies, with figures from the Insolvency Service revealing that 98 companies filed for insolvency in February alone.
Of these, 50 had been collectors’ voluntary liquidations, 39 had been obligatory liquidations, and 6 had been administrations.
An extra two had been receivership appointments, and one was an organization voluntary association.
The figures underline the troublesome circumstances dealing with companies throughout Scotland, significantly in transport, logistics and wholesale.
Earlier this week, 71 jobs had been worn out after East Kilbride wholesaler Enterprise Meals Restricted collapsed into liquidation after 35 years in enterprise.
The corporate, which traded as Localist, had equipped Scottish producers, farmers and suppliers to main retailers throughout the nation.
Enterprise Meals failed after struggling to refinance money owed of greater than £5million, with cash-flow issues increase over a number of years.
The difficulties had been linked to dangerous money owed following the collapse of quite a few prospects and had been worsened by powerful circumstances within the retail and hospitality sectors.
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George Lafferty of BTG was appointed provisional liquidator after a petition was lodged by the enterprise.
The collapse additionally left many small suppliers owed cash and dealing with the lack of a key path to market.
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