DOZENS of South Yorkshire lorry drivers and logistics workers are facing the possibility of unemployment after a haulage firm went into administration.
Dodd’s Group, a delivery and logistics firm based on Mansfield Road in Aston, Rotherham, had been suffering from severe cash-flow problems.
The company employed 90 staff at its Aston office, and at another site which it operates in Sittingbourne in Kent.
Administrators MCR said they had “no choice” but to immediately wind down operations at the firm - and put all the company’s assets up for sale.
Joint administrator Jason Godefroy, partner at MCR, said the cash-flow issues at Dodd’s operating company, 21st Century Logistics Ltd, had been exacerbated by a difficult trading period.
He said the current situation in the British and world economy had made things even worse.
Mr Godefroy said: “The company had been suffering from a lack of working capital as a result of severe cash-flow problems, heightened by the current economic climate.
“There is no doubt that the difficult trading environment over the past 12 months has played a significant part in the demise of the company.
“The administrators have had no choice but to wind down operations with immediate effect.”
He said administrators were now “actively marketing such assets as are available” in order to “maximise a return” for the company’s creditors.
The Dodd’s Group was founded nearly 100 years ago and had grown into a multi-depot haulage firm specialising in logistics for the industrial, grocery and high-value goods sectors.
Jim Dodd, former owner of the Dodd’s Group, reportedly sold the company four months ago.