AM Widdowson’s unsecured creditors have been left almost £13m out of pocket after the pre-pack sale of the haulier in July. The newly published creditor’s report from administrator Leonard Curtis after the haulier’s £2.5m sale in July set out the monies owed and warned that it is unlikely unsecured creditors will get any back. While approximately 220 jobs were saved by the sale to connected party Widdowson Logistics, the majority of the sale value was used to satisfy a debt […]
Creditors of Hull-based CJ Express could be left close to £1m out of pocket, according to the collapsed company’s statement of affairs.
Further information has emerged regarding events at Leicester haulier AM Widdowson & Son ahead of a meeting of creditors of on 3 July ahead of a proposed CVA.
Widdowson Logistics’ sister company Davis Haulage owed unsecured creditors £4.7m when it was placed into administration just before Christmas.