A MAJOR British trucking firm has collapsed into administration after 50 years and has made all its staff redundant.
JT Leyland Limited, in Milthorpe, South Cumbria provided distribution, warehousing and storage services to customers across the UK and Europe.
The family-run business entered administration earlier this week, citing difficult trading conditions and rising costs.
All 43 of its employees have been made redundant as part of the move, according to administrators.
However, they said a small number of staff had been kept on to help consult on the winding down of the business.
Raj Mittal, joint administrator of JT Leyland Limited and a partner at FRP, said: “Our focus is now on managing an orderly wind-down of the company’s operations, supporting employees affected by the redundancies and working closely with key stakeholders to maximise value from the company’s assets for the benefit of creditors.”
The company, which administrators added had a “strong presence” in the logistics and haulage sector, had been operating for over five decades from its Milnthorpe base.
It ran over 70,000 sq ft of warehousing facilities, and has a fleet of vehicles from transit vans to 44-tonne articulated lorries.
The haulage industry has been hit by major challenges in recent years, including rising costs and staff shortages.
Last year, another long-standing trucking firm – B Taylor & Sons Limited – also fell into administration.
The firm, based in Nottinghamshire, made the majority of its 91 staff redundant after more than 50 years in business.