MTvan gone bust?

For some weeks I’ve been controlling my anger about the latest shady trick played by Courier Finance Ltd, the owners of MTvan.com. I’d planned to write something in the next few days about their way of doing business, which I’ve considered for some time to be slightly less than honest and open.

Not content with lying to their original members about their membership fees giving them life membership, they sneakily bought the courier forum www.link4couriers.com while hiding its ownership from its members, saturating the site with advertising for their associated (and I think highly questionable) business ventures and claiming for two years that it was “by far the largest independent forum for couriers and courier owner drivers”. Independent my arse, about as independent as their courier exchange site that was actually run by a company that was quietly in competition with many of its members.

Anyway, it seems that events have overtaken me and I won’t get the chance to launch the scathing attack on their business that I had intended to. It turns out that the experienced businessmen at Courier Finance Ltd decided that after Amtrak had gone into liquidation in 2007 it would be a good idea to extend credit terms to the newly-formed Netfold Ltd, which bought the business from the liquidators. It also appears that they didn’t notice when Netfold failed to file its first accounts on time in March 2008 and seemingly continued to provide credit to them until they went into administration at the Read More…

Posted under Courier and Freight Exchanges, Courier Scams

Posted by Alec at 7:41 pm, September 10, 2008

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