Laurie Dealer's used truck of the week is an ex-Stobart truck
This weeks Laurie Dealer's 'used truck of the week ' is...
It's a choice of 10 trucks, the colours and spec should signal out the previous owner.
This Scania R124 420 Topline drawbar has curtainsider Boalloy built body and trailer, low profile, 44 tonnes, 'Red-Dot' engines, which Laurie Dealer recalls being HPI, air-con, analogue tacho, and much more. No price listed.
The dealer is Bell Trailers, Lancashire.
Job's a good 'un.
Innovate Logistics finally ends
The administration of Innovate Logistics is finally over, with the joint administrators applying to the High Court for the business to be dissolved.
The Innovate group of companies collapsed on 30 June 2008, owing a staggering £176.6m to unsecured creditors.
The administrators' final report reveals: "Following discussions with the largest creditors, it was decided that the administrators would not pursue the debt due to the company and [its subsidiary] Grampian Country Transport, which was subject to a significant counter-claim, as there was a risk that the cost of pursuing the debt may have exceeded any recoveries."
Preferential creditors have received £330,627 of the £597,605 that they are owed. However, the unsecured creditors have received nothing.