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Administrators appointed to RPL Transport

Administrators appointed to RPL Transport

Howard Smith and David Costley-Wood from KPMG’s Restructuring practice have been appointed as joint administrators to RPL Transport Limited, the warehousing and distribution company, on Monday 1 April 2019.

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Howard Smith and David Costley-Wood from KPMG’s Restructuring practice have been appointed as joint administrators to RPL Transport Limited, the warehousing and distribution company, on Monday 1 April 2019.

Founded in 1984, the Milton Keynes-based business employed 30 people and provided logistics management, delivery and warehousing services to its clients across a range of sectors, including publishing, food and drink and building supplies.

Following the appointment, 25 staff were made redundant, while the remaining staff have been retained in the short term to assist the administrators with winding down operations.

The appointment follows the administration of Bedfords Limited, including its supply chain services arm LinQ, on 27 March 2019. RPL Transport is part of Bedfords Group.

Howard Smith, associate partner at KPMG and joint administrator, said: “RPL Transport has faced similar challenges to the wider Bedfords business, including significant cashflow pressure, which increased significantly since the administrations of Bedfords and LinQ. Without any further investment, the decision was made by the directors to appoint administrators and, regrettably, cease operations.

“We are on site working with affected employees to assist them in making claims to the Redundancy Payments Service. We will also begin to realise the assets of the businesses so would encourage any interested parties to come forward.”

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For media enquiries, please contact:

Alastair Henry, Citypress (on behalf of KPMG)
Alastair.henry@citypress.co.uk
T: +44 (0)161 235 0320

About KPMG in the UK

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 16,300 partners and staff. The UK firm recorded a revenue of £2.338 billion in the year ended 30 September 2018. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 154 countries and has 200,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
 

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