Sunday, July 21, 2024

Northamptonshire logistics firm falls into administration

Northamptonshire-based Linkline, a provider of UK and international logistics, haulage, warehousing, and pallet network services to businesses, has fallen into administration.

The company, which employed 104 staff, operated out of its three hubs near Wellingborough.

Due to the economic challenges and competition within the logistics industry, the director of Linkline had recently launched an accelerated M&A process to find a buyer for the business and explore restructuring options. However, without any viable offers and unable to meet its financial obligations, Linkline couldn’t continue trading and administrators were ultimately appointed.

Rick Harrison and Chris Pole of Interpath Advisory were appointed as joint administrators to Linkline Transport Limited on Tuesday 18 June 2024.

100 staff were made redundant on appointment. The joint administrators have retained the remaining staff to support them in winding up the business’s operations and will market the business and assets for sale.

Rick Harrison, Managing Director at Interpath Advisory and joint administrator of Linkline Transport Limited, said: “The UK logistics sector has been reeling from multiple economic factors that have made trading conditions challenging for many operators. In addition, Linkline struggled in the face of intense market competition and without significant additional investment, it was unable to continue trading.

“Our team is on site to provide support for employees in making the appropriate claims with the Redundancy Payments Service and is also engaging with customers.”

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemic having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £33.60 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.









Latest news

Related news

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close