Stofords call in administrator but business survives with Pall-Ex shareholding
Stoford Transport closed its doors last weekend, blaming soaring driver agency and fuel costs that could not be fully recovered from customers. Directors of the (pounds sterling)10m firm salvaged the Pall-Ex franchise business in Devon, which is profitable, forming a joint venture in which Pall-Ex is a minority shareholder. The former head office telephone was being answered as “Pall-Ex South West” this week. Stoford directors Chris and Roger Tancock are directors of Pall-Ex South West, Roger as MD. In addition, Chris is joining the board of Pall-Ex, with involvement in network development
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