500 jobs at risk after logistics firm appoints administrators
Around 500 jobs could be at risk after it was revealed a Birmingham-headquartered logistics firm is set to call in administrators
The Lloyd Fraser Group, which provides a range of logistics solutions and supply chain management services across its parent company and five subsidiaries, posted a notice of appointment to appoint administrators on Friday (September 22).
The firm’s customers include major players in the milk and fashion industries, and delivers over 50 million garments every year.
Founded more than 30 years ago, the group employs around 500 staff which are employed across the UK in 16 locations including Bristol, Chester, Rugby and Holmfirth. Jobs are now at risk after administrators were appointed to the parent group and its subsidiaries.
In its last accounts to February 2022, turnover increased by 20.6% to £43.99m (2021 – £36.4m), with Lloyd Fraser saying this was a result of the fashion logistics division seeing positive recovery after lockdown.
The Lloyd Fraser Group, financial services company Close Brothers (which applied for administrators to be appointed) and Pinsent Masons who represented Close Brothers have been contacted for comment.