Cargo company used by Evri collapsed with £300,000 debts

There are 35 creditors listed for cycling cargo company Pedal and Post, based at Oxford’s Osney Mead industrial estate, all of which are owed a combined £308,226.93.

The city company, which also expanded to London, formally appointed liquidators after bosses closed down the struggling business after nearly 14 years in January.

Brett Lee Barton and Margaret Carter, of Walsall-based BK Plus, have been appointed as joint liquidators this month.

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Statement of affairs submitted and signed off by Pedal and Post boss Chris Benton suggest there is a deficiency to creditors of £287,853.

The documents, published to Companies House, show unsecured creditors have claims of £275,876.

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Unsecured creditors are those at the back of the queue when it comes to getting their money back once liquidators have sold off assets.

Among them is Mr Benton, owed £118,938 from the business, and £101,690 from 52 employee claims.

HMRC is owed £92,173 in unpaid VAT and PAYE, the documents show.

There is expected to be £106,571 of Pedal and Post assets and cash available to distribute to preferential creditors.

A total of 60 people, including a mix of employed and self employed team members across Oxford and London, lost their jobs in the wake of the company’s collapse.

Chief executive and founder Mr Benton blamed the company’s collapse on losing a “major client” earlier this year, but did not say who it was.