Malcolm Wright Associates Limited, a freight business based in Leeds, has been shut down after an Insolvency Service investigation found unpaid debts of hundreds of thousands of pounds owed to companies in the United States, Europe and the UK.
The company was investigated after concerns about its trading activity were found to have caused substantial losses to overseas freight businesses.
Evidence showed Malcolm Wright Associates had presented information that gave it credibility with international freight businesses, including membership of the JCTrans network, before running up significant unpaid debts.
Between August and October 2024, the company incurred freight costs with at least 16 JCTrans members and failed to make payments. The unpaid debts included more than US $508,000, €334,000 and £25,000.
The company failed to cooperate with investigators, has no current director or person with significant control, and had failed to file its latest accounts and confirmation statement.
David Hope, Chief Investigator at the Insolvency Service, said: "Malcolm Wright Associates Limited gave the appearance of a credible trading business while leaving suppliers – including those in the United States and Europe – with substantial unpaid debts.
"The company failed to cooperate with our investigation, could not be located at its registered office, and provided no evidence to explain its trading or financial position.
"We will take robust action where companies appear to be used to mislead suppliers, avoid debts, or operate without proper transparency.
"Winding up this company protects the public and helps prevent further harm to businesses."
The Official Receiver has been appointed liquidator of Malcolm Wright Associates Limited.
All enquiries concerning the affairs of the company should be made to: Public Interest Unit, PO Box 16664, Birmingham B2 2JQ, or [email protected].
The following links open in a new tab.
