Newcastle-based David Price Food Services has secured a Company Voluntary Arrangement (CVA) that will see its unsecured creditors paid 38p in the pound on debts of about £2.1m. The arrangement, which the firm said was approved by more than 99% of creditors at a meeting on Wednesday 5 September, safeguards the jobs of 175 staff across seven depots. Company chairman David Price told MT he was relieved the firm had avoided falling into administration. “It has been a traumatic time […]
Palletline Logistics (Midlands) has lost its battle for survival and ceased to trade.
Wirral-based transport and storage firm TWA Logistics has entered into a company voluntary arrangement (CVA) as it seeks to pay back more than £300,000.
This isn’t an editor’s picks, it isn’t an analysis of the most important news in the industry in the past 12 months – these are the most-read stories on Motortransport.co.uk. It is what our loyal readers wanted to read from the thousands of stories we published in 2013. Thanks for reading, and we’ll keep delivering bigger and better next year!