Administrators called in at transport company
Published 12/09/2012 | 10:06
Administrators have been appointed to a Co Fermanagh transport firm which ceased trading with the loss of almost 400 jobs last month.
College Freight, part of the Target Express group of companies, faced a ‘winding-up petition’ in Belfast High Court last Thursday brought by tax commissioners at HM Revenue and Customs over an unpaid tax bill.
However, before that could happen, Revenue Commissioners in the Republic froze Target Express’s bank accounts, forcing it to close 10 depots north and south of the border.
College Freight Limited is the company that runs the Target Express business in the Republic, while College Freight Services Ltd runs the business in Northern Ireland.
On September 3, Matthew Dunham, David Riley and Stephen Tennant of Grant Thornton were appointed as administrators to College Freight Services NI Ltd.