Rhys Davies Logistics is placed into administration

The company has nine sites across the UK but its headquarters is in Taff's Well

One of Wales' largest haulage companies has been placed into administration, its owner said.

Rhys Davies Logistics has a fleet of 170 vehicles, including 150 articulated trailers and more than 560,000 sq ft of warehouse space at nine UK sites.

Croydon-based Cathays Investments bought the company, based at Taff's Well, Rhondda Cynon Taf, last year.

It confirmed that corporate restructuring experts FRP Advisory were called in.

The company stores and distributes materials for customers across the UK.

Pontypridd MS Mick Antoniw called it "concerning news", saying the Welsh Government had been in touch to explore potential financial support or alternative buyers.  

"Rhys Davies is a major local employer and has a long history in Taff's Well dating back over many decades, so I know that this news will come as a terrible shock to many local people," he said.

"I will offer any help I can to help support those affected and if job losses do result then support will be available from Welsh Government."