A Birmingham contract haulier that entered administration earlier this year went from a £1m pre-tax profit to a £100,000 loss in just 20 months’ trading. Contact Transport was suffering from creditor pressures and had fallen behind with its time to pay arrangement with HMRC when RSM Restructuring Advisory was appointed on 20 April . A report into the events leading up to the haulage company’s administration said the company reported steady profits for the years 2012-2014 and then a much […]
Former City Link parent Better Capital has revised up the amount it expects to receive from its investment in the collapsed parcel carrier.
The collapse of Deben Transport highlights the urgent need to address the poor rates plaguing the container haulage market, the boss of Pentalver has said.