Apex Traffic Management - Administration

Apex Traffic Management, a South Lanarkshire traffic management firm, entered administration on 21 August, with Kenneth Craig and Kevin Mapstone of Begbies Traynor appointed joint administrators.

The company provided traffic control equipment and services for roadworks and customers.

It was impacted by tightening margins, slow debt recovery, cash flow challenges, and the increased cost of trading. In addition, the company received a petition by HMRC for liquidation.

After consultation with the firm’s secured creditor Lloyds Commercial Finance, the directors decided to place the business into administration. Almost 120 jobs have been lost.