Tsar Timber Distribution (UK) Ltd has recently gone into liquidation with the liquidators citing the market downturn as the cause.

Rumours had been circulating in the trade that the Goole-based company, which handled lumber, plywood and mill work and was one of the bigger Russian importers, had ceased operations.

The company was also mention in a report in The Daily Telegraph on HM Revenue and Customs’ decision to impose backdated port rate bills on port businesses.