Weather and fuel price hike lead to haulage closure

A ROAD haulage company is to close after hitting a series of problems including the loss of a major customer.

Christopher Rooney and Ian Green were appointed as joint administrators of Hurst Transport on Friday.

Hurst, based in Immingham, has 84 staff and an annual turnover of £8m.

It faced difficulties in 2009 resulting in it entering a Company Voluntary Arrangement with its creditors and is now to be wound down and closed over the next few days.

A total of 79 redundancies have already been made.

Mr Rooney said: “Hurst Transport Limited has struggled over recent months with a combination of external challenges including the poor winter weather, loss of a major customer, volatility in fuel prices and the generally flat demand in the economy.

“These factors have led to the business suffering unsustainable losses, which have regrettably resulted in the closure of the business.”