Removal and storage firm Pickfords has completed a pre-pack administration led by its existing management team. Administrator BDO, which was appointed to the Wembley-based Moving Services Group UK on 23 November, sold the removal firm to recently incorporated Pickfords Move Management on the same day. The two legal entities share the same directors in the form of Yogesh Mehta, Russell James Start and Timothy Paul Romer, who is also company secretary. David Gilbert, BDO business restructuring partner, said: “This outcome […]
Optimism in the logistics sector is at its lowest level in 12 years, according to the latest Logistics Confidence Index, with companies citing uncertainty over Brexit and the ongoing driver shortage as key contributors to falling levels of confidence.
Ex-employees of defunct business Innovate Logistics will receive surprise payments three years after the business was dissolved, after the administrators applied for a £470,000 rates rebate.
One of the firms appointed to take on some of the postcode area of collapsed Palletline Logistics (Midlands) has entered a pre-pack administration.