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.”

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