0.5 C
Alba Iulia
Wednesday, December 11, 2019

Liquidators appointed to SGM Distribution

Subscribe to our newsletter

We will never spam , sell or share your details

Liquidators have been appointed to SGM Distribution. The majority of the 51 employees have transferred to a new employer and a total of 16 jobs have been lost. 

The courier business, which has depots in Letham and Aberdeen and a fleet of 47 delivery vehicles, has been experiencing increasingly difficult trading conditions since expanding into the North East 4 years ago.

Shona Campbell of MHA Henderson Loggie has been appointed liquidator.

Established in 2006, SGM Distribution offered tailored same-day delivery service throughout the UK and counted national brands and local businesses among its customers.

Ms Campbell, MHA Henderson Loggie’s Director of Business Recovery & Insolvency, said: “Although the courier industry has seen significant growth on the back of the rise in online shopping, it is a fiercely competitive market and undoubtedly tougher for operators covering rural areas with sparse populations.

“The failure of a business is hard for a community and I am pleased that we have managed to save a significant number of jobs. I am now focused on winding up SGM’s business affairs efficiently and ensuring that all workers that have unfortunately lost their jobs receive their full redundancy entitlements from the Government’s Insolvency Service.”

scattered clouds
3.9 ° C
4.4 °
3.3 °
80 %
25 %
7 °
7 °
7 °
6 °
5 °

Follow Us

Our Other Titles

People and place to remain the focus...

ABERDEEN City Council is to continue to put people at the heart of its spending plans as it seeks to address an estimated £38...

Subsea UK announces new board for 2020

FOLLOWING a ballot at its AGM last week, Subsea UK has announced a new board of senior subsea leaders with a mix of expertise...

Celebrating a Prosperous 2019 – FTR Continues...

FULKRUM Technical Resources (FTR), a global provider of technical personnel specialising in QA/QC, inspection and vendor surveillance services to the energy industry, celebrates a...

Bespoke Decorators has sights set on further...

A NEWLY-launched painting and decorating specialist is celebrating a successful first year in business which has seen its headcount nearly quadruple. Bespoke Decorators, which specialises...

More Articles Like This