MCR administrators called to road haulage company
Trucking business Dodds Group calls in MCR Administrators partners Paul Williams and Jason Godefroy, blaming difficult trading conditions for the companies demise
MCR ADMINISTRATORS have been called to trucking firm Dodds Group, just weeks after its parent company collapsed.
Paul Williams and Jason Godefroy, both partners at MCR, were appointed to 21st Century Logistics on 26 August, the parent company of Dodds Group, Business Sale reports.
Godefroy (pictured) said Dodds had been struggling with severe cash flow problems brought on by the current economic climate.
“There is no doubt that the difficult trading environment over the past 12 months has played a significant part in the demise of the company,” he said.
“The administrators have had no choice but to wind down operations with immediate effect and actively market such assets as are available to maximise a return for creditors.”
21st Century Logistics made a pre-tax loss of £397,279 for the year ending 30 September 2010, following a loss of £330,333 from the previous year.