A family haulage firm set up in 1984 that almost collapsed after it ignored a tax demand from HMRC said it was taking “every week as it comes”.
Northants-based grain specialist Finedon Bulk Haulage was on the edge of insolvency after director Karl Donaldson discovered that several tax arrears notices had been disregarded.
Unwilling to undertake a pre-pack administration, and adamant that debts would be honoured, Donaldson enlisted the help of recovery specialist Praetura Asset Finance and agreed to a company voluntary arrangement with HMRC.
He organised a sale and lease back deal for the firm’s nine tippers to earn £125,000. This should see Finedon pay its tax liability by 2019.
Year: 2023 | Body Type: Tipper | Cab Type: Sleeper | Registration: PJ72VBD | Mileage: 302,337 km | Power: 423 bhp
Year: 2018 | Body Type: Tipper | Cab Type: Day | Registration: CX68YVS | Mileage: 169,134 km | Power: 130 bhp
Year: 2018 | Body Type: Tipper | Cab Type: Day | Registration: AY18JTU | Mileage: 585,993 km | Power: 480 bhp
