|
|
01 Sep 2011
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.
Further reading
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.
You may also like
Search thousands of financial jobs:
Search thousands of financial jobs:
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment