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