UK haulage firm enters administration after 17 years
Summarised from 2 outlets · Updated 13 Oct, 11:44 · Archive
Telford Transport Solutions Limited was placed into administration after accumulating over £1.2million in arrears to HMRC.
Telford Transport Solutions Limited, a warehousing and haulage business based in Telford, Shropshire, was placed into administration on 2 October 2026 after 17 years in operation. The company provided local, national and international courier services as well as warehousing and distribution. It employed 69 staff.
The company accumulated arrears of over £1.2million to HMRC over several months. When directors sought a time to pay arrangement, it was rejected and the debt continued to grow. HMRC issued a winding up petition on 30 September 2026, leading the directors to acknowledge the company was insolvent. David Kemp and Richard Hunt of Exigen Group were appointed as joint administrators.
The business and assets were sold the same day to Lloyd Baker Leather Limited for £320,000 and continue to trade from all three Telford sites. The Mirror reports that 64 of the 69 employees have been transferred to the new owner under TUPE regulations, safeguarding the majority of jobs. Exigen stated that rising costs in fuel, insurance, vehicles and driver wages have caused several haulage firms to enter administration recently.
How it is being reported
- UK haulage firm crashes into administration after 17 years — £1million debtA warehousing and haulage business was placed into administration after difficulties with arrears of over £1.2million.The Mirror · 13 Oct, 11:23
- UK haulage firm plunges into administration after 17 yearsThe company was put into administration after racking up over £1.2million in arrears to HMRC.Daily Express · 13 Oct, 08:42
In this story: Telford Transport Solutions Limited · HMRC · Exigen Group · Lloyd Baker Leather Limited · Telford · Shropshire · West Midlands
This summary was written by AI from the headlines and standfirsts above, and states as fact only what at least two outlets report. How we use AI · Report a problem
Comments (0)