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Company that lost Amazon deal to enter liquidation a year after collapsing into administration

TVR Express also had deals with FedEx, Hermes, Yodel and DPD

TVR Express collapsed after losing a deal with Amazon(Image: PA)

A company that collapsed into administration a year ago is to be liquidated.

All employees at TVR Express were made redundant when the business failed in February 2022.

At the time Rehan Ahmed and Tauseef Rashid of business advisory firm Quantuma were appointed as joint administrators of the company.

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TVR Express, which also had deals with FedEx, Hermes, Yodel and DPD, operated out of sites in Leyland and Winsford and used self-employed drivers and rented vehicles.

Founded in November 2015, the business reported a turnover of £2.5m at the height of the pandemic.

However, Amazon cut its ties with the company towards the end of 2021 and its contracts with FedEx, Yodel and DPD were also discovered to be unprofitable.

A Quantuma document submitted to Companies House last year said: "Initially, the company was funded by loans from the director and other private investment, with the director also maintaining a full-time job before the company was in a position to pay a salary.