Former City Link parent Better Capital has revised up the amount it expects to receive from its investment in the collapsed parcel carrier. In its report for the six months to 30 September, the business turnaround specialist said it expects to collect a £22m dividend from the sale of City Link’s assets. In June Better Capital estimated it would receive £20m, half of the £40m it invested in the parcel carrier following its purchase from former parent Rentokil Initial in […]
The MD of Buxton-based Lomas Distribution has expressed his delight after the company secured the Winsford warehousing business of collapsed firm Seafield Logistics saving jobs in the process.
Palletways has worked quickly to fill a gap in its coverage left by Cambridgeshire operator Heathcliff Haulage, which went into administration in January.
Ex-Widdowson Logistics staff retained at a successor company based on the same site as the collapsed haulier are apparently being paid by Birds Transport Leicester.