STORY
A Leeds freight company has been shut down after an Insolvency Service investigation found it had left businesses in the United States, Europe and the UK with substantial unpaid debts. Malcolm Wright Associates Limited was wound up in the public interest following a hearing at the High Court in Manchester on 11 August 2026. The Official Receiver has been appointed as liquidator.
The investigation found that between August and October 2024 the company incurred freight costs with at least 16 members of the international JCTrans freight network but failed to make the required payments. The outstanding debts included more than US $508,000, €334,000 and £25,000. The Insolvency Service said the company had presented information which appeared to give it credibility with international freight businesses before running up the debts.
Investigators also found that the company failed to cooperate with their enquiries, had 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 the winding up action was intended to protect the public and prevent further harm to businesses after suppliers were left with significant unpaid bills.