AM Widdowson & Son’s administrator, Leonard Curtis, is pursuing the sale-guarantor for arrears relating to last year’s deal, according to a progress report. AM Widdowson & Son was sold in a pre-pack deal for £2.5m to Widdowson Logistics last year, a business “associated by the common ownership” of HLD Group. A non-cash consideration of £2m was satisfied via the sale of book debts and goodwill. This left a cash consideration of £176,000 to be paid in instalments, the final of […]
The new owners of AM Widdowson & Son, the Leicester haulier sold in a pre-pack deal, have ambitions to grow the business and are on the acquisition trail for more logistics firms.
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.
Widdowson Logistics’ sister company Davis Haulage owed unsecured creditors £4.7m when it was placed into administration just before Christmas.