Swindon haulage firm ceases to trade after administrators close down business
A haulage firm has ceased trading after administrators were called in.
As reported on TheBusinessDesk.com OPX Logistics were forced to appoint administrators.
Andrew Beckingham and Sean Ward of Leonard Curtis were appointed as joint administrators of the Swindon-based haulier last week.
A statement from Leonard Curtis confirmed that the logistics side of the business has been closed down.
It said: “The administrators are assessing the financial position of the company and its associates, OPX Recruitment Limited and OPX Distribution Limited, and will report further to the companies’ creditors in due course.
“It has not been possible for the group’s haulage operations to be maintained although options are being explored to sustain the group’s storage facilities.”
OPX Logistics specialises in haulage services to the retail sector and has operating licences for 91 trucks.
The company is part of the OPX Group, which was founded by entrepreneur Lee Hallett, after he rebranded his businesses under the OPX Group banner.
Lee Hallett went into business for himself in in 2014 after a series of personal challenges in which he lost his home and his job.
The OPX Group includes OPX Recruitment (formerly OPEX Personnel), OPX Logistics (formerly OPX International) and OPX Distribution which was launched in 2022.
The company is thought to have has a combined turnover of around £25m.
OPX Logistics’ most recent accounts, for the five-month period from 1 August 2022 to 31 December 2022, revealed turnover falling to £6.5m, compared to £15.5m in the year to 31 July 2022.
In its latest report to Companies House the firm said 2022 had been a challenging year, following the Covid-19 pandemic and a period of strong growth.
