Close Menu
iNews Zoombangla
  • Bangladesh
  • World
  • Tech
  • Business
  • Sports
  • Entertainment
  • Bangla
Facebook X (Twitter) Instagram
iNews Zoombangla
  • Bangladesh
  • World
  • Tech
  • Business
  • Sports
  • Entertainment
  • Bangla
iNews Zoombangla
Home English VG Mathers administration exposes the cost squeeze facing UK hauliers
Business English

VG Mathers administration exposes the cost squeeze facing UK hauliers

By Saleh MohammadSeptember 7, 20262 Mins Read

The VG Mathers road haulage collapse has entered a formal insolvency process after almost six decades in the Scottish road-haulage business, with seven jobs lost. STV News reported that the Kintore company appointed MHA after announcing its closure. A separate insolvency report published on September 6 said the business ceased trading before the liquidator’s appointment.

VG Mathers road haulage collapse

The company was founded in 1968 by Vic Mathers and later led by his son Colin. Its work included road haulage, vehicle inspections and repairs. That mix gave the firm more than one service line, but it did not shield the business from rising operating costs and pressure on cash flow.

Colin Mathers said the firm had faced higher fuel bills, insurance premiums, compliance costs and vehicle maintenance expenses. Those comments are the director’s explanation for the collapse. They should not be treated as a national measurement of every haulier’s finances.

Advertisement

The insolvency report identified Michael Reid, MHA’s head of insolvency services in Scotland, as the appointed liquidator. Its account also said the company had seven employees and ceased trading before the appointment. That independent detail supports the basic closure and job-loss facts reported by STV.

Road haulage businesses have to keep vehicles, drivers, insurance and regulatory paperwork moving even when customer demand changes. A small company can be hit when several bills rise together or when a customer payment arrives later than expected. The final pressure is often a cash-flow problem rather than one isolated expense.

For customers that used VG Mathers, the next practical step is to contact the liquidator about outstanding work, invoices, records or equipment. Customers should not assume that a repair, inspection or delivery will continue under the old timetable after the business stops trading.

The closure also removes a long-established local operator from the network that supports freight and vehicle services in Aberdeenshire. That does not prove a national shortage of haulage capacity, but it shows how changes in costs can affect firms that have served the same market for many years.

The documented facts are limited but clear: VG Mathers stopped trading, MHA was appointed, and seven jobs were lost. The company’s director cited cumulative cost and cash-flow pressure. Further claims about the wider industry need separate evidence and should not be inferred from this one administration.

fXinmwalink@tg
Zoom Bangla News
Zoom Bangla News
inews.zoombangla.com
Follow

Follow iNews Zoombangla On Google

Open the Google follow page and tap the checkmark option to receive more updates from iNews Zoombangla in your Google news feed.

Follow iNews Zoombangla On Google
Business administration Logistics Transport UK haulage VG Mathers road haulage collapse
Saleh Mohammad
  • Facebook
  • X (Twitter)
Related Posts
Blue Origin Cape Canaveral test blast

Blue Origin recovery plan faces a launch-cadence test after Cape Canaveral blast

September 7, 2026
Amazon plane crash

Amazon cargo crash leaves NTSB examining runway overrun and delivery disruption

September 7, 2026
American Airlines first class

American Airlines puts first 777-300ER Flagship Suite into service

September 7, 2026

Latest News

Blue Origin Cape Canaveral test blast

Blue Origin recovery plan faces a launch-cadence test after Cape Canaveral blast

Amazon plane crash

Amazon cargo crash leaves NTSB examining runway overrun and delivery disruption

American Airlines first class

American Airlines puts first 777-300ER Flagship Suite into service

JLR

JLR opens voluntary redundancy plan as £1.7 billion savings drive widens

USDC

Circle’s latest infrastructure push gives USDC a wider cross-chain context

Bitcoin

Bitcoin slips below $80,000 as traders weigh rates and energy-market pressure

cryptocurrency trading

Cryptocurrency trading gets a derivatives test as Binance lists BYD and Lenovo contracts

HMD Skyline 2

HMD Skyline 2 leak keeps repairability at the center of its upgrade story

TG Jones store closures

TG Jones closures put September store timetable in focus as retailer restructures

Costco Next marketplace closure

Costco Next shutdown leaves members with a new return and warranty route

 

Inews

iNews Zoombangla is your trusted destination for fast, accurate, and relevant English news. We cover Bangladesh, world affairs, technology, business, sports, entertainment, lifestyle, science, and research for English-language readers. iNews Zoombangla is the English news edition of ZooBangla.

  • About Us
  • Contact Us
  • Career
  • Advertise
  • DMCA
  • Privacy Policy
  • Feed
  • Authors
  • Editorial Team Info
  • Ethics Policy
  • Correction Policy
  • Fact-Checking Policy
  • Funding Information
© 2026 ZoomBangla Pvt Ltd. - Powered by ZoomBangla

Type above and press Enter to search. Press Esc to cancel.

tgXwa