Finance

Trouble hiring HGV drivers and Covid hit forces firm’s closure and job losses

The Covid-19 pandemic and difficulties attracting and retaining Heavy Goods Vehicle (HGV) drivers “proved to be insurmountable” for a haulage business which has fallen into administration with the loss of 35 jobs.

Neil Morley and Howard Smith from Interpath Advisory were appointed joint administrators to Sprintdeliver on Monday.

Sprintdeliver was based in Glossop and in recent months had encountered significant financial challenges due both to the impact of the pandemic on trading and the availability HGV drivers.

READ MORE: Turnover passes £200m at family-owned building giant Seddon Group despite Covid hit

The business stopped trading prior to the appointment of the joint administrators.

In a statement, Mr Morley and Mr Smith confirmed that the company’s company’s 35-strong workforce had been made redundant.

The firm’s business and assets have now been put up for sale.

Mr Morley said: “Haulage companies up and down the country are currently facing significant challenges, not least an acute shortage of HGV drivers, which in turn is resulting in increased wage costs and higher staff turnover.

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“Unfortunately, these challenges proved to be insurmountable for Sprintdeliver, prompting the director to take the difficult decision to place the company into administration.

“Our priority in the coming days is to assist the employees in making claims to the Redundancy Payments Office, while we also seek buyers for the company’s business and assets.”

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