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		<title>High diesel costs put brakes on Wales Haulage firm</title>
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		<pubDate>Mon, 05 Sep 2022 20:20:18 +0000</pubDate>
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					<description><![CDATA[<p>High diesel costs put brakes on Wales Haulage firm</p>
<p>The post <a href="https://assuredcg.com/high-diesel-cost">High diesel costs put brakes on Wales Haulage firm</a> appeared first on <a href="https://assuredcg.com">Assured Capital Group</a>.</p>
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									<p>The soaring price of fuel has driven haulier, Scott Commercials Ltd to close with the loss of<br />10 jobs. Begbies Traynor has been appointed as liquidators of the company, which ceased trading in<br />late June 2022.</p><p>Established in 2013, the Ebbw Vale freight firm provided road haulage services to transport<br />operators across the UK. The liquidation is being handled by Bristol-based partner Paul Wood and Huw Powell, a partner in the Cardiff office.</p><p>Recent rises in PAYE, fuel, ad-blue (fuel additive) and tyres had created significant cash flow<br />issues for the business, resulting in the company fuel bills rising by approximately £4,756 net<br />per week from June 2021 to June 2022.</p><p>Commenting on the case, Begbies Traynor partner Paul Wood said fuel price inflation had<br />created immense pressures for many in the transport sector. He said:<br />“The last 12 months has been an incredibly difficult time for hauliers, who have seen their<br />overheads increase dramatically and rapidly. Despite efforts to reduce the impact, these<br />challenging trading conditions proved untenable for Scott Commercials, and we will be<br />working with the director to wind up the business and recover any assets on behalf of<br />creditors.</p><p>“The rapid rising costs of raw materials does illustrate the need for business owners and<br />directors to seek advice at an early stage if they are experiencing financial challenges. There<br />are sometimes steps that can be taken which will help to place a company on a more secure<br />footing &#8211; and reduce the risk of liquidation.”</p>								</div>
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		<p>The post <a href="https://assuredcg.com/high-diesel-cost">High diesel costs put brakes on Wales Haulage firm</a> appeared first on <a href="https://assuredcg.com">Assured Capital Group</a>.</p>
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		<pubDate>Fri, 02 Sep 2022 18:49:25 +0000</pubDate>
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