Jobs losses and business closures to hit town
- Credit: Archant
UP TO 18 JOBS may be lost and two Somerset firms liquidated after their ‘sole customer’ withdrew support.
Caxton Transport Limited and Caxton Home Delivery Limited, based in Walrow Industrial Estate, Highbridge, are facing a ‘liquidation situation’ after Woodberry Brothers and Haines Ltd, also based on the estate, announced it will no longer fund the firms.
Director Mark Woodberry said: “We have been under an improvement plan for the last 12 months.
“As part of that plan we decided that the two transport companies that distribute for us – Caxton Transport Limited and Caxton Home Delivery Limited, they are both loss-making businesses, and in the current climate Woodberry Brothers is no longer able to support or fund those losses.
“Woodberry being the sole customer, those businesses are looking at a voluntary liquidation as a result.
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“They are two very separate businesses that are looking at a liquidation situation.
“We are stressing the point that they are very much separate and Woodberry as a whole is unaffected.”
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He confirmed that the two firms may have to make job cuts of up to 18 staff.