21 jobs lost at Ipswich docks
MORE than 20 jobs have been lost at Ipswich docks following the appointment of administrators at a North Sea freight ferry company. Services between Ipswich and Ostend by roll-on roll-off operator Ferryways were suspended last week, with its owner citing financial problems. Ferryways, which is based in Ostend, from where it also operated routes to Tilbury on the River Thames and Immingham on the Humber, was acquired earlier this month by port, ferries and logistics operator Cobelfret, which is also based in Belgium. A Belgian court has appointed administrators to investigate the finances of the main company, Ferryways BV, but the outcome of its inquiries will come too late to save many staff at its British subsidiary. Insolvency specialist David Merrygold, from PKF accountants and business advisers, has been appointed as administrator of Ferryways (UK) Ltd, with the immediate loss of 21 jobs at its office at the West Bank terminal at the Port of Ipswich. The future of all three Ferryways routes remains uncertain. The company was launched in 2000 since when the frequency on the Ipswich-Ostend route has increased to three sailings each way a day. Mr Merrygold said: “It is a sad day for Ipswich and for the staff at Ferryways. We are now waiting to see what the Belgian authorities do but I don't hold out any hope for the UK company's long term viability. ”He added that PKF, which has offices in Ipswich, Great Yarmouth and Norwich, was now working with the administrators in Belgium to assess the way forward.
MORE than 20 jobs have been lost at Ipswich docks following the appointment of administrators at a North Sea freight ferry company. Services between Ipswich and Ostend by roll-on roll-off operator Ferryways were suspended last week, with its owner citing financial problems. Ferryways, which is based in Ostend, from where it also operated routes to Tilbury on the River Thames and Immingham on the Humber, was acquired earlier this month by port, ferries and logistics operator Cobelfret, which is also based in Belgium. A Belgian court has appointed administrators to investigate the finances of the main company, Ferryways BV, but the outcome of its inquiries will come too late to save many staff at its British subsidiary. Insolvency specialist David Merrygold, from PKF accountants and business advisers, has been appointed as administrator of Ferryways (UK) Ltd, with the immediate loss of 21 jobs at its office at the West Bank terminal at the Port of Ipswich. The future of all three Ferryways routes remains uncertain. The company was launched in 2000 since when the frequency on the Ipswich-Ostend route has increased to three sailings each way a day. Mr Merrygold said: “It is a sad day for Ipswich and for the staff at Ferryways. We are now waiting to see what the Belgian authorities do but I don't hold out any hope for the UK company's long term viability. ”He added that PKF, which has offices in Ipswich, Great Yarmouth and Norwich, was now working with the administrators in Belgium to assess the way forward.