Administrators denied access to assets and financial records of collapsed haulier


Administrators appointed to handle the affairs of haulage and freight forwarding firm Cargo Worldwide (UK) said the trading premises of the east London business had been cleared of all assets and company records upon their arrival.

The company entered administration on 7 June after Genesis Asset Finance appointed KBL Advisory for non-payment under a hire purchase agreement.

In a report to creditors, Richard Cole and Steve Kenny at KBL said company director Junaid Ahmed had failed to provide copies of [...]

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