MCR ADMINISTRATORS have been called to trucking firm Dodds Group, just weeks after its parent company collapsed.
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.
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children