It is understood that they invested a further £27,500 in September “at
short notice” after receiving calls from the directors the company,
billed on the series as “the UK’s first 100pc eco friendly haulage company”.
Tenon Recovery, the administrator, said in a statement that it was looking to
sell the business and was in discussions with “a number of interested
parties”.
Jeremy Woodside, director at Tenon Recovery, said: “The UK’s current
economic situation has adversely impacted on the haulage sector and with a
recent move to new premises also creating challenges, the directors of JPM
Eco Logistics Limited have found themselves unable to sustain the company’s
progress.
“We are in talks with a number of interested parties, with a view to
selling the business, and are hopeful of a positive outcome.”
It is understood that the company had failed to pay its biofuel supplier, MPB
Bioproducts, which had first issued a winding-up petition shortly before
Christmas.
