A FAMILY-RUN Scottish haulage firm has called in administrators with more than 60 jobs “at stake”.
AAD Transport, which is based in Kirriemuir in Angus, is looking for a buyer in order to continue operations after 13 years in business.
The sale would include an “extensive vehicle fleet of lorries and trailers”, administrators said, as they asserted that the business is “viable”.
Without a buyer, the firm looks set to fold with the loss of 65 jobs, although it is still trading.
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Begbies Traynor, as administrators, are continuing to trade AAD Transport and their agents, GMG Asset Valuation Ltd, have been appointed to assist to find a buyer for the business as a going concern.
Thomas McKay, a partner at Begbies Traynor in Scotland, said: “Unfortunately, the transport sector has been severely impacted both by Covid and by higher than normal increases in fuel and other operating costs in recent times.
“After 13 years in business, we are working hard to enable AAD Transport Ltd to continue trading in order to find a buyer for the business and assets, and help to secure the 65 employee jobs, which are currently at stake.
“The business has a skilled workforce and an extensive vehicle fleet of lorries and trailers. We believe the business is viable and we are working with our agents to find a buyer for the business and assets, as the business continues to trade at this time.”
Ken Pattullo, a partner at Begbies and joint administrator, added: “Our priority is engaging with all stakeholders to find a solution for the business and employees going forward, including the loyal customer base which has worked with the company since its incorporation.”
The family-run business offers haulage services across the UK, with some services for regions of Spain and France.
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