A meeting of creditors of Leicester haulier A M Widdowson & Son will take place on 3 July ahead of a proposed CVA. According to a nominees’ report, seen by Motortransport.co.uk, Widdowson has appointed insolvency practitioners Leonard Curtis, which has recommended that for there to be a viable business going forward creditors will be returned 36.12p in the pound. It describes this as a “significant improvement on what would be available if the company were to be placed into liquidation”. […]
Palletways Group has been bought by South-African group Imperial Holdings in a transaction worth £163m.
Kent operator DF Services has been acquired by investment firm HLD Group for an undisclosed sum.
Keyne Express Deliveries and KED Logistics have been purchased by Beaches Logistics after both companies entered administration.