Business as usual at Risby's despite DJ Martin collapse

The administrator for DJ Martin Transport has reassured hauliers that Risby's truck park and restaurant, situated on land theSuffolk firm traded from, remains unaffected by the haulier's closure.

In a statement of administrator's proposals filed at Companies House,Chris McKayat McTear, Williams & Wood, says lost work due to the recession, increasing fuel costs, reduced rates and spiralling refurbishment costs all led to the firm's downfall.

The company ceased trading at the end of April and went into administration the following month. DJ Martin's closure means that the 15-acre freehold site near junction 41 of the A14, which it bought for £300,000 in 2007, is up for sale with a £450,000 price tag. It includes a 38-space secure lorry park.

An advertisement in Estates Gazette states: "The property is available either with vacant possession or there is the opportunity to buy the freehold subject to a tenancy with Risby Roadside Restaurant LLP, which runs the site, at a rent of £45,000 pa, lease details to be agreed between the parties."

McKay says: "It's still operating at the moment but we are trying to find a buyer for the freehold site. We have had some interest. I am hoping to wrap it up in a month or so."

www.roadtransport.com (now known as Commercial Motor)
8 September 2010

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