Transrent collapse 'caused by low rates'
Former Transrent chief Tom Hart says the collapse of his trailer rental and financial services group was sparked by low rental rates "killing the industry" and a failure to secure new funding.
Administrators from Deloitte, appointed on January 11 for the Transrent group of companies, revealed the Stafford-based firm owed around £65m - more than double the group's annual turnover figure - to 30 finance companies and two private equity firms.
News - Commercial Motor
January 24, 2007
