Sale saves all jobs at East Yorkshire haulage firm
Sean Williams and Phil Deyes from Leonard Curtis were appointed as Joint Administrators to BI Halder & Son Ltd on 8 October 2025.
They immediately secured a pre-pack sale to Halder Transport & Storage Limited, safeguarding all 45 jobs.
Based in Driffield, East Yorkshire, BI Halder & Son Ltd has been established over 50 years and supplies a full range of haulage services to the agricultural industry, along with modern bulk storage, drying and testing facilities.
The business got into difficulties after pressures caused by the pandemic were followed by the war in Ukraine which led to increases in fuel and other running costs.
Hikes in interest rates also impacted on the running costs of the business, putting further pressure on stretched cashflow.
While a refinance deal to solve cash flow issues was put in place prior to the Leonard Curtis appointment, it was not enough to save the business, and a pre-pack sale strategy was agreed.
Joint administrator Sean Williams said: “BI Halder & Son Ltd had established a great reputation over five decades and by facilitating a successful sale we have protected jobs and maximized realisations for the Company’s creditors.”
Director Louise Halder commented: “Our priority was to retain our loyal workforce and continue providing high quality haulage and storage services for our customers. Building in resilience for future challenges has also been important.
She added: “While it has been devastating dealing with the loss of B I Halder & Son Ltd after nearly 25 years of operation and over 50 years since the business was first formed, we are all looking forward to a new chapter for Holder Transport & Storage Limited.”
Dealing with his third haulage business since May 2025, Sean added that most SME hauliers are operating under strain.
He commented: “The sector remains essential and busy, but most are running businesses with higher operating costs, on thin margins, and a rising number of insolvencies indicate performance is fragile rather than robust.”
He continued: “A minority of hauliers, those with strong contracts, niches, cleaner fleets or some digital advantage, are doing better. Overall, we should expect continued pressure and gradual consolidation unless economic conditions or targeted policy support materially improve.”