Creditors of Hull-based CJ Express could be left close to £1m out of pocket, according to the collapsed company’s statement of affairs. Liquidator Leonard Curtis has estimated a deficiency in regards unsecured creditors of £978,570. The statement reveals little in the way of assets for the haulier, which was placed into an insolvency procedure last month, with the majority of its vehicles on a finance lease with Mercedes-Benz. The two largest unsecured creditors are CJ Express’ parent company Premier Logistics, […]
Abbey Logistics and Lomas Distribution paid close to £300,000 for the majority of the bulk powder and warehousing business of collapsed operator Seafield Logistics.
Wholesale drinks distributor Waverley TBS is being wound-up by its administrators after they failed to find a buyer for the business. The company, which has two large DCs at Punchbowl Park in Hemel Hempstead and Felling, near Gateshead, as well as smaller deports across the UK, was licensed to run more than 300 vehicles. These were operated via a combination of own-account and third party providers. As a consequence of the failure to find an outright buyer, 685 Waverley employees […]
Palletways member Kay Transport has acquired the business of Truro-based South West Delivery Services, which was headed by MD Mark Adams.