Receivers at Kingswood
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• Southampton-based international haulier Kingswood Transport has been put into administrative receivership and will be wound up unless a buyer comes forward in the next few days.
Thirty-three drivers were made redundant within hours of a receiver being appointed by Lloyds Bank at noon last Friday (26 May): some vehicles have already been repossessed.
Bob Thompson of receiver Rogers Evans says he is still hopeful a buyer will materialise for the £6m-turnover company.
"Although it's difficult to tell at this stage what went wrong, it appears the firm was working on quite slim margins," he says. "The firm has a good customer base and a loyal workforce and I am hopeful a buyer will come forward."
Creditors should contact receiver Rogers Evans at 19, Brunswick Place, Southampton S0152AQ.