UK transport firm collapses into liquidation – in business since 2008 | UK | News
A shipping company in the United Kingdom has gone into liquidation after nearly 20 years of operation. Carriage Company (Oxon) Limited, which operates taxis and private hire vehicles in the Oxfordshire area, was placed into compulsory liquidation with immediate effect following a hearing on 4 February.
But documents submitted to Companies House this month revealed that the company’s liquidation has been delayed until 2032. Such a move often allows a company’s legal status to remain active so authorities can end legal proceedings and recover assets.
A statement regarding the Banbury-based firm, signed by the Insolvency Service on behalf of the Secretary of State, reads: “Dissolution of the company [will] “Unless further instructions are given, it will be postponed and will come into force on April 4, 2032.”
Documents at Companies House also show that a winding-up petition filed against the haulage firm in 2008 was first submitted in January by a creditor seeking repayment of the debt.
Company failures have been on the rise in recent months as the Iran war and rising wage bills cause costs to soar.
Data from the Insolvency Service showed that the number of company insolvencies rose by 7% compared to March to 2,022.
Company administrations increased by 52% to 235 between February and March, an 82% increase from March 2025, while compulsory liquidations increased by 18%.
Following the escalation of conflict in the Middle East, fuel and energy costs have skyrocketed, hitting sectors such as transportation and manufacturing hard.
Tom Russell, chief executive of trade group R3 for restructuring professionals, said: “Although it is too early to see the full impact of the worsening economic situation in official insolvency statistics, energy and fuel costs have risen significantly and for many businesses this has coincided with customers becoming more cautious about their spending.”
The Express has contacted Carriage Company (Oxon) Limited for comment.
