AM Widdowson & Son remains on the road after pre-pack administration


 

A pre-packaged sale of Leicester transport firm AM Widdowson and Son was the culmination of a torrid two years that included the loss of contracts, under-estimated fuel costs and management systems that were not fit for purpose. The company entered into administration on 6 July (CM 21 July) after falling into arrears with its contributions under its company voluntary arrangement (CVA), which had seen it pay creditors 36p in the pound since July 2015. A letter to creditors from administrator […]