Tue, 11 May 2010 | ADMINISTRATION
Lancashire-based haulage business Macgregor Europe has been pushed into administration after losing a £100,000-a-month contract.
The business, which enjoyed revenues of £5m at its peak, has been taken over by administrators at Bury restructuring company Leonard Curtis, who are currently mulling over Macgregor's accounts. A total of 35 employees have been rendered jobless.
Its majority shareholder and founder Peter Macgregor called in the administrators and gave the following reasons for the move: "The trading in 2009 was really poor anyway and then one of our major customers gave us notice that they would not be renewing the contract."
"We did everything we possibly could to try and retain that contract but we just couldn't do it. To lose that contract was a massive blow."
Factors that are affecting hauliers across the board such as the rising cost of petrol and diesel, did not have a significant impact on Macgregor Europe's downfall.
The administrative process is ongoing. Trading has ceased and Mr Macgregor is now operating a one-man advisory service to hauliers on moving freight across Europe, under the name of Macgregor European Trailers.
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