28/05/13……Job loses after Thame transport company goes into Administration

THAME based Interoute’s transport operation has closed after going into administration, with the loss of many local jobs.

Report reproduced from an article By Chris Druce, via http://www.commercialmotor.com/ :

Thame-based Interoute Transport Services has seen the transport side of its operation wound-up after collapsing into administration.

The Pall-Ex and Hazchem member was placed into administration earlier this month (17 May), after attempts to sell the business proved unsuccessful.

Carl Jackson, partner at administrator Quantuma, told Commercialmotor.com that the transport side of the business had been loss making for several years and had been propped up by the warehousing operation.

However a significant reduction of business volume from a major customer had proved too much for the business to bear.

Quantuma is continuing to operate the warehouse side of the operation in the hope of securing a buyer.

For the full story, see this Thursday?s (30 May) Commercial Motor magazine.