England

Corby and St Albans haulage firm closes with loss of 53 jobs

  • 17 June 2013
  • From the section England
Bill Chippington Haulage lorry
Image caption The company had been struggling financially for a prolonged period, administrators said

A haulage company with bases in Northamptonshire and Hertfordshire has gone into administration with the loss of 53 jobs.

Bill Chippington Haulage Limited had been trading in Corby and St Albans since 1976.

Administrators at FRP Advisory said the company had been "struggling with its financial position for a prolonged period".

Six staff are being kept on until it is wound up "over the coming weeks".

Joint administrators Peter Wastell and Michael Young, said the "tough economic climate" for the UK haulage industry was to blame for the closure.

Efforts to refinance or sell the company as a going concern had failed, they said.

"FRP Advisory is now taking steps to dispose of the company's assets, including its fleet of vehicles, in order to maximise the return for the company's creditors," a statement said.

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