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LIQUIDATION
CM COVER STORY
THE COLLAPSE OF packaging company Western Corrugated continues to send Shockwaves through the haulage sector, with south Wales-based Ellis Morgan & Son entering liquidation, and another two hauliers dealing with the repercussions.
Peter Dewey of BegbiesTraynor was appointed as liquidator of Ellis Morgan on 28 January. He says that the collapse of the haulier's main client, Western, cost it an estimated £250,000.
A spokesman for Begbies Traynor adds: "Ellis Morgan signed a contract with Western in April 2009 that would generate additional turnover of £lm a year."
He continues: "Ten drivers from Western transferred to Ellis [Morgan] and the company hired 10 vehicles to enable the firm to...