Close to 400 jobs at risk as Gulliver's Truck Hire faces closure after deal talks fail
Attempts to sell Gulliver’s Truck Hire as a going concern have floundered placing the business’s future in doubt, with staff at the firm facing redundancy.
In a letter dated 11 December, seen by CM, the rental firm’s MD Phillipe Harding said: “Following talks over the weekend, it is now clear that a sale of all or the majority of the business is not going to be possible. We continue to explore sales of parts of the business with a number of buyers but those sales are limited in scope and remain subject to further negotiation and agreement”.
Harding added that the directors were now in the “very sad position” of having to plan for the closure of the business.
Stating that if a sale could not be achieved, closure of the business was the only option, the MD confirmed that an HR1 form – paperwork required where collective redundancies are being proposed – had been filed.
According to the firm’s most recent accounts it employs 375 people.
“I must reiterate that we are continuing to look for and explore sales opportunities, but until these are at the stage of being confirmed, we have to assume the worst case of a complete closure,” Harding stated in the letter.
He added that an administrator would be appointed as soon as possible.
Gulliver’s was unavailable for comment as this article was published
10 O-licence applications and decisions that caught our eye this week - 11 December 2018
Oakland International has been given the green light for 10 vehicles and 20 trailers at its site in Seafield Lane, Beoley, Redditch.
Certas Energy can park six vehicles and two trailers at a unit in Prime Point, Pensnett Trading Estate, Kingswinford.
Montgomery Tank Services has been granted authorisation for five vehicles and five trailers at its facility in Tat Bank Road, Oldbury.
Ryder can base three vehicles and one trailer at a site in Salford Street, Birmingham.
Wastecare can base 10 vehicles and two trailers at a facility on the Leamore Enterprise Park, Bloxwich, Walsall.
Fedex UK has been given the go-ahead for 16 vehicles and 10 trailers at a unit on the Burntwood Business Park, Robins Road, Burntwood.
All Metal Services can station four vehicles and one trailer at a site in Midpoint Boulevard, Minworth, Birmingham.
RT Premium Logistics can base three vehicles at a unit on the Tractor Spares Industrial Estate, Strawberry Lane, Willenhall.
Tour Transport has been given the green light for seven vehicles at the Aggregate Depot, Fairground Way, Walsall.
Ocado can locate 80 vehicles and 120 trailers at Danny Morson Way, Birch Coppice Business Park, Tamworth.