Transport firm fails
Haulier Duncan Adams collapses with 132 job losses
Grangemouth-based Adams, which had a fleet of around 100 trucks, had been incurring significant losses for some time, according to administrators Deloitte. The company had 144 employees and 132 have since been made redundant.
“Regrettably cash flow pressure greatly restricted the time available to explore this,” he said.
“This is an extremely difficult time for everyone involved and we are providing our utmost assistance to those affected as well as liaising with the Scottish Government’s Partnership Action for Continuing Employment agency,” he added.
High-end fashion chain LK Bennett has called in administrators after warning last week that it was facing finding fresh finance.
The company was founded by Linda Bennett in 1990, and counts the Duchess of Cambridge as a customer. It has 39 shops and about 500 staff in the UK,
EY said 55 jobs had already gone at the firm’s headquarters and following the closure of five stores.
The stores which have shut are Sheffield in the Meadowhall shopping centre, Bristol, Liverpool and two in London at Brent Cross and Westbourne Grove.
The brand also trades out of 37 concessions in stores around the country.