Date Published: 16th June 2014
Partners from Begbies Traynor, Jason Greenhalgh and Paul Stanley, have been appointed as administrators of a Merseyside-based specialist heavy haulage and consultancy firm.
Hunterstrong Engineering Limited in Bootle, Liverpool, which traded as Northover Heavy Logistics, entered administration on June 10 with the loss of 14 jobs.
Founded in 1991, Hunterstrong Engineering Limited operated across the UK and Europe, offering heavy haulage, private escort, project management and machinery installation services to customers.
Following a review by VOSA a report was issued advising that the Operator’s Licence was to be revoked at the end of January 2014. An appeal was immediately lodged and the decision was suspended pending the outcome of the appeal. However, the initial decision by VOSA cast doubt over the future of the Company and despite the appeal, the Company lost a number of customers to competitors and also some key employees. The day to day operations also became increasing difficult to maintain efficiently.
Despite every effort being made to maintain the business whilst the appeal was underway, the pressures proved too much to overcome and the decision to cease to trade was made by the Board.
Assets include a range of tractor units, light vehicles, trailers and specialist heavy load trucks.
Parties interested in purchasing the company’s assets, or requesting further information, should contact Nicola Minshull at Begbies Traynor on 0161 837 1700.
Paul qualified as a chartered accountant in 1987 with Arthur Andersen an international accounting practice. He worked on audits, management consultancy and buy out due diligence before specialising in insolvency and investigations. In 1990 he was granted an insolvency licence by ICAEW.
He worked on the Robert Maxwell private company administrations in the Middle East in the early nineties and developed strong banking relationships. In 1993 he joined up again with ex-Andersen's colleague Ric Traynor as Ric's first partner in the firm which later changed its name to Begbies Traynor. Paul acts as managing partner in the Manchester office and sits on both the firm's management and technical committees. He has a reputation as a straight-talking, honest advisor who is both technically strong and commercial.