Leicester haulage firm went under owing £2.2m
Widdowson Logistics went into administration owing £2.2m to creditors, according to an administrators report seen by TheBusinessDesk.com.
The Leicester haulage and warehousing firm entered administration after only six months of business after losing a number of contracts and overspending on a stock control system in its warehousing business. It was bought in a pre-pack deal after AW Widdowson & Son collapsed in a deal that saw creditors lose out on £1.6m.
Administrators sold of the haulage side of the business to Birds Transport for just £50,000 and the warehousing arm to Glendfield Storage Solutions. Birds has a common director in Demis Armen Ohandjanian from Malta-registered HLD Group, which owns Widdowson Logistics.
He is also a director of Glenfield Storage Solutions as is Damion Davis (a director at Widdowson Logistics).
Widdowson Logistics creditor list makes eye-watering reading for the likes of Blaby District Council which is unlikely to see any of the £322,889 owed to it. Meanwhile, Davis Haulage of Crewe is owed £91,751, Templink of Market Drayton is owed £45,510 and Leicestr City Council are in arrears by £79,116. HMRC is owed over £325,000.
Widdowson had two secured creditors: Demlin Investments (£204,274) and Close Brothers (879,606).
