Intense price competition was a key reason for the company's demise say RSG executives, with one major fleet deal lost to a rival who undercut it by 30 per cent. On the heavy truck side it was hit by a shortage of chassis to mount equipment on thanks to the inability of vehicle manufacturers to keep up with customer demand. Increasing raw material costs had an impact too.

Also based in Peterborough, trailer maker Lawrence David has acquired the RSG One-Call aftersales support operation.