RJ Priestley blames fuel prices for collapse
Directors at R.J Priestley & Son have blamed rising fuel prices for the Lincoln-based haulier going into liquidation. Insolvency practitioners at The P&A Partnership were appointed at the firm, which had a licence for 14 vehicles and 20 trailers, on 23 March. Liquidator John Russell says all 12 staff have been made redundant, adding: "The directors' view is that it was because of the increasing fuel prices and the extra costs incurred each month to run the vehicles." Russell says that...
News - Commercial Motor
April 13, 2011
