Subbies for Sims Worldwide Logistics unlikely to see money owed

Commercial Motor
January 18, 2013

Creditors of Sims Worldwide Logistics, the Stockport haulier that completed a pre-pack administration last year, have admitted that they do not expect to receive any money from the insolvent company.

Cheshire haulier Freight First, which carried out general haulage for Sims on a subcontracted basis since 2005, was owed approximately £2,370 by the firm when Sims appointed an administrator in October 2012.

MD Simon Meredith told Commercialmotor.com: “We’re very disappointed and its always very bitter when they re-open the next day.”

St Helens-based Draper Distribution was also owed by the firm. Director Neil Draper agreed: “It’s hard and at the end of the day we’re the ones that suffer.”

The St Helens haulier was left £1,680 out of pocket by Sims, which used the firm to move “a couple” of loads around the UK.

The administrator’s statement of proposals, which were published to Companies House, revealed that the firm owed creditors a total of £761,126, including  £183,000 in VAT and PAYE owed to HMRC. The statement reveals a deficiency to creditors in administration of £412,458.

Sims Worldwide bought the business and assets of Sims Worldwide Logistics a day after it appointed administrator Leonard Curtis Business Rescue & Recovery in October.

Sims Worldwide was unavailable for comment.

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