Two directors of Boston Commercial Finance (BCF), the Staffordshire company linked to the takeovers of collapsed operators Eric Short Haulage, John Mack Haulage and Barnes & Tipping, have left the firm.
Colin Carter and April Morris resigned from their directorships
at BCF last month, with Carter subsequently taking up a director's position at Arden Mergers. BCF and Arden remain linked however: Boston registered an all assets debenture, with Arden listed as the firm entitled to the charge, on 31 July this year.
Carter was briefly replaced as a director of BCF by 25-year-old Londoner Charles King, who was appointed on 3 August. However, King resigned on 10 September, leaving just John Ferguson as director of BCF.
Previous investigations into BCF have pointed to its involvement - along with that of its sister company Boston & Maine - in takeovers of hauliers that subsequently collapsed due to the deals being too highly geared.
A Serious Fraud Office (SFO) investigation in relation to alleged asset-stripping by Boston & Maine remains ongoing, according to an SFO spokeswoman. No one from BCF or Boston & Maine was available to comment.
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