Logistics firm faces uncertain future as administrators alerted
Family-led Northamptonshire warehousing and logistics business Linkline Transport could be on the verge of collapse, TheBusinessDesk.com understands.
Linkline has posted a notice of intention to appoint administrators via law firm Shoosmiths. The move will protect the Wellingborough firm against creditor action for a period of around 10 days while it tries to find a way forward.
Linkline was founded in 1993 and boasts heavy-hitting clients including Primark and GXO. The company provides logistics, haulage, warehousing and pallet network services across the UK.
Last May, the firm secured a £12.5m funding line from Shawbrook Bank. The facilit, which included a £5m Confidential Invoicing Finance loan to support working capital requirements and a structured cash flow facility – was meant to enable the firm to expand into additional sites.
According to Companies House, Linkline’s accounts were supposed to be filed by the end of March at the latest, but are overdue.
Linkline has been contacted for comment.
