The directors of West Yorkshire haulier R W Feather & Son decided to wind the business down before debts mounted any further.
The Bradford firm, which had an O-licence for 12 vehicles and 10 trailers and employed 15 people, appointed Peter O'Hara of O'Hara & Co as company liquidator on 27 April.
Preferential creditors owed £15,000 were paid in full, while the remainder of assets were used for to pay as much as possible towards non-preferential claims totalling £254,201.22. The operator leaves a deficiency of £32,749.03.
A spokesman for O'Hara & Co tells Roadtransport.com: "A major factor in R W Feather & Son's demise was the crippling costs of fuel, and it had also incurred a number of bad debts. The directors wanted to do the honourable thing and get out of the industry before its debts got any worse and it left too many customers out of pocket."
The liquidation was one of four in the haulage sector that occurred in the last two weeks of April.
For more information see Commercial Motor on 12 May.
