More than 110 jobs at risk as haulage firm calls in administrators

Credit: Cross Transport

A Birmingham haulage firm has entered administration, placing 117 jobs at risk.

Cross Transport, a family-run business based at Hams Hall in Coleshill has appointed SFP to handle the process.

With a fleet of 200 vehicles operational across the UK, Cross Transport had been hit by fuel and labour cost increases as well as rising overheads.

In its results ending February 2022, the board revealed turnover had decreased from £22m to £16.3m, with profit margins also falling from 27% to 18%.

It said whilst Cross Transport was “reliant on the ongoing success of those companies offering significant online presence and home delivery” it considered that it had “adequate resources to continue in operational existence for the foreseeable future”.

The firm, led by director Dean Cross, was confident that it would “return to success in the forthcoming year” but acknowledged key risks such as the confidence in the online shopping sector, the wider economy and market competition.

Administrators SFP were contacted for comment, with no reply received.