Logistics firm Grays Transport has filed a notice of the intention to appoint administrators, while confirming that it continues to trade as normal during this process.
In a statement from the company, Jennifer Evans, MD at Grays Transport, said: “Following speculation, I can confirm that Grays Transport has taken the step of filing a Notice of Intention (NOI) to appoint administrators. This is a formal legal process that provides the business with a short period of protection while we complete a planned restructuring of the company.
“Over the past two years the business has faced a series of significant commercial challenges, many of which were outside of our control and reflective of wider pressures across the UK furniture sector. These included the sudden loss of major contracts, the impact of key customers entering administration, and the broader slowdown affecting the sector. Together, these events created a particularly difficult trading environment for the business.
“Despite these headwinds, the underlying operation remains strong and Grays Transport continues to trade as normal during this period. Our teams remain fully focused on supporting customers, maintaining service continuity and delivering the specialist logistics services the business has become known for across the sector.
“We appreciate that situations like this can naturally generate speculation, but customers and partners should be reassured that the intention of this process is to protect the long-term future of the business, not to disrupt the service that so many manufacturers and retailers rely upon.
“At this stage there are certain regulatory steps still being completed and it would therefore be inappropriate to comment further on the detail of the proposed structure until those processes are finalised.
“The NOI has been filed to allow time for the final stages of a process designed to secure the long-term future of the business, protect our customers, and safeguard as many jobs as possible.
“While those steps are ongoing, we remain optimistic about the path ahead and encouraged by the support the business continues to receive from those who understand the value of Grays Transport, the experience of our team and the role we play within the furniture logistics sector.
“Our intention is for Grays Transport and the services we provide to continue strongly into the future. What I can say is that both myself, Chris Evans and the wider team remain fully committed to the future of the business and to the customers and suppliers who have supported Grays Transport over many years.
“Further updates will be provided once the formal processes currently underway have been concluded.”
