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Collapsed in administration
- One of the Wales' biggest haulage firms, Rhys Davies & Sons, has collapsed in administration blaming the impact of the pandemic.
www.business-live.co.uk/enterprise/one-wales-biggest-haulage-firms-19428422
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Dec 9, 2020 · One of Wales' largest haulage companies has been placed into administration, its owner said. Rhys Davies Logistics has a fleet of 170 vehicles, including 150 articulated trailers and more than...
Dec 8, 2020 · Just one year after being bought by Cathay Investments, Cardiff haulier Rhys Davies has gone under after accruing “unsustainable losses” during the Covid-19 pandemic. Ian Vickers and Philip Harris, partners at business advisory firm FRP, have been appointed joint administrators to Rhys Davies & Sons today (8 December).
Dec 10, 2020 · Rhys Davies & Sons, one of the biggest haulage firms in Wales and a member of the Cathay Group, has fallen into administration citing “unsustainable losses” accrued as a result of COVID-19.
Dec 12, 2020 · Rhys Davies & Sons, founded in 1952, was bought by Cathay Group after a long period of losses and despite significant investment from its owners since acquisition, the pandemic has resulted...
Dec 9, 2020 · One of the Wales' biggest haulage firms, Rhys Davies & Sons, has collapsed in administration blaming the impact of the pandemic. The Taff's Well-based firm, which employs several hundred, was put through by its directors.
Oct 15, 2019 · Cathay Investment has purchased the largest 3PL based in Wales, Rhys Davies & Sons, after previously acquiring Warehouse One Distribution in September. RDL is a national company with 9 sites across the UK, specialising in logistics solutions for customers who have demanding warehousing and distribution requirements.
Dec 14, 2020 · Cardiff haulier Rhys Davies suffered a 50% fall in revenue with losses mounting to £3.5m in the year after it was bought by Cathay Investments, motortransport.co.uk has learnt.
