The two latest victims are JPM Eco Logistics and Birmingham NECs Commercial Vehicle show.
JPM based in Oldham are famous for their funding via the Dragons Den, where they secured £100 from Deborah Meaden and Theo Paphitis. I can recall thinking at the time, just becuase they are green, it doesnt mean they will be ethical and they will make money. In fact their poor management has put their biofuels supplier in a very tough position.
MPB BioProducts have filed for a winding up order if they are not paid.
The company received a winding-up petition shortly before Christmas from biofuel supplier MPB Bioproducts.
Although this has now been stayed until February, the Gainsborough-based fuel producer says it is owed more than £20,000 dating from last June.
MPB’s MD Philip Bates adds: “I have been chasing since then – they promised me the earth, but I have received nothing.”
Bates says the debt means he has been unable to produce any further biofuel from the plant. “They have totally messed my finances up,” he adds.
JPM’s business proposal was based around being an environmentally responsible haulier, using 100% biodiesel to power its trucks. On the Dragons’ Den show in 2007, bosses Jerry Mantalvanos and Paul Merker promised fantastic returns on investment, well above the industry average of 4%.
Source: Road Transport
I wish MPB well, and I hope they can get through this. I am not sure about JPM, I am not convinced throwing money at the problem will find a solution. Much of the thoughts in the industry around this are that if the business was sound, they wouldnt have struggled so much.
Many transport industry professionals enjoy the CV show and this is a real blow to the industry.
The carmaker crisis claimed another victim when organisers slammed the brakes on this year’s Commercial Vehicle Show at the National Exhibition Centre.
The annual three-day event, one of the biggest in Europe, was cancelled after truck and van manufacturers pulled out.
Organisers said this year’s show, due to run from April 28 to 30, was to have been revamped and scaled down because of the slump that has hit commercial vehicle manufacturers and components suppliers throughout the world.
Companies that paid for their stands will be reimbursed and plans are being made to reinstate the event next year.
Last year’s show, one of the most successful in the event’s ten-year history, attracted more than 28,000 visitors.
About 290 exhibitors had expressed support for this year’s event, which was to have refocused on engineering, compared with 600 normally.Source: Birmingham Post
Obviously Truck manufacturers don’t have the money for these kinds of exhibitions, I wonder what they plan to so instead?
Sarah
![Reblog this post [with Zemanta]](http://img.zemanta.com/reblog_b.png?x-id=14d1c4f4-4c77-4e54-aef6-954a00579de6)
![Reblog this post [with Zemanta]](http://img.zemanta.com/reblog_b.png?x-id=4a778eaa-2a51-4a9b-913f-10e20eef095e)
![Reblog this post [with Zemanta]](http://img.zemanta.com/reblog_b.png?x-id=efb3c25d-1216-4b98-a5f5-13dcbef2e19b)