Pallet Distribution Services in administration

Essex-based haulier Pallet Distribution Services has collapsed into administration, with fierce competition and soaring fuel prices cited as the main contributory factors.

Simon and Daniel Plant from insolvency firm SFP were appointed as joint administrators on 24 April at the business, which has ceased trading.

Pallet Distribution Services offered general haulage services covering south-east England, warehousing and pallet distribution.

Headed by director David George Salter, the firm was licensed to run 12 vehicles and five trailers from its Brentford operating centre.

It had an approximate annual turnover of £1.6m and employed 20 people.

Simon Plant, Group Partner at SFP, says: “Profit margins are constantly squeezed for transport companies, with increased competition and high running costs, so it seems inevitable that increases on fuel charges will have a major effect on these businesses.”