TAL Logistics Group has ceased trading after being placed into administration on 12 April.
The Newcastle office of corporate insolvency specialist Grant Thornton is handling the administration.
A member of staff manning the phones tells Roadtransport.com that the Sheffield-based company went into administration on the evening of 12 April and that all staff have been made redundant.
The company began life in 1999 when director Neil Taylor founded TAL Eurospecial. Taylor, along with fellow director Richard Shaw, runs the Group, which consists of:
- TAL Galaxy
- TAL Freeway
- TAL Eurospecial
- Gallacher Bros (Haulage)
- TAL Seahouses (formerly Phillips (Seahouses))
The most recent set of company accounts for TAL Logistics Group, for the year ended 31 March 2009, states that the directors "consider it appropriate for the financial statements to be prepared on the going concern basis".
During the year ended 31 March 2009 the company made a profit after tax of £258,759 and at that date had net current liabilities of £1,917,837. The accounts for that period state that the "company's bankers have indicated their willingness to continue their support for the company as long as it continues to maintain its accounts within agreed limits".
Turnover for the period was £588,802.
Neither Taylor nor Shaw were available to comment.
