A NATIONAL haulage firm with a base in South Tyneside has been forced into administration – with the majority of the firm’s 200-strong workforce losing their jobs.
Deben Transport, which has an office in South Shields among its nine sites in the country, has recorded losses for the last two years after once enjoying a turnover of £30m.
It is believed that the South Shields office, based in the Port of Tyne in Navigation House, Tyne Dock East Side, employed two members of staff.
Administrators Ensors said staff across the company were told the news on Monday and most were sent home.
The Felixstowe-based company employed 224 people.
A statement from Ensors said: “Management had attempted to put in place a recovery plan and had recently taken cost cutting measures in an effort to turn the business around.
“But it became apparent that its immediate short-term funding requirement could not be met and the director took the decision to place the company into administration.
“Regrettably the majority of the workforce had to be made redundant once administration was inevitable.”
No-one from Deben Transport was available for comment.
The firm recorded a pre-tax trading loss of £658,000 in 2013.
A spokeswoman for the Port of Tyne said: “Deben is a tenant on our estate and we’re sorry to hear of their difficulties.
“There is no significant impact for the Port of Tyne.