Margins are tight in chilled distribution


 

On 5 September David Price Food Services entered a Company Voluntary Arrangement (CVA) that will see its unsecured creditors paid 38p in the pound on debts of about £2.1m. The Hub has just obtained a copy of the Newcastle hauliers’ financial report for the year ending 25 August 2012 – which contains several details regarding the chilled food specialists’ current financial state. At the end of its financial year David Price Food Services had net current liabilities of £2.1m and […]