Removal and storage firm Pickfords has completed a pre-pack administration led by its existing management team. Administrator BDO, which was appointed to the Wembley-based Moving Services Group UK on 23 November, sold the removal firm to recently incorporated Pickfords Move Management on the same day. The two legal entities share the same directors in the form of Yogesh Mehta, Russell James Start and Timothy Paul Romer, who is also company secretary. David Gilbert, BDO business restructuring partner, said: “This outcome […]
The new owners of AM Widdowson & Son, the Leicester haulier sold in a pre-pack deal, have ambitions to grow the business and are on the acquisition trail for more logistics firms.
The RHA has welcomed the government’s decision to investigate the pre-pack administration process after the Insolvency Service announced a review that aims to make the procedure more transparent for creditors.
Removals firm Pickfords suffered a small decline in turn-over and profit in the last financial year but still managed to keep well ahead of its performance two years ago.