A company voluntary arrangement (CVA) at Elite Transport Services has been approved by 99% of its creditors. A creditors’ meeting took place on Friday 8 February and a spokesman for the container haulier said that under the terms of the agreed deal creditors will receive 37 pence in the pound over a five-year repayment term. Last week Motortransport.co.uk revealed that the north-west haulier had filed a proposal for a CVA with Manchester County Court on 23 January. It is understood […]
AM Widdowson was a member of the Palletways network for only a year, Motortransport.co.uk has learnt.
A meeting of creditors of Leicester haulier A M Widdowson & Son will take place on 3 July ahead of a proposed CVA.
Pressure on rates has led to Felixstowe-based container specialist Macintyre Transport reporting a 9% fall in pre-tax profit despite a near 11% rise in turnover. Turnover in the year to 30 April 2012 rose from £19.3m to £21.4m due to organic growth, said chairman Harvey Macintyre; pre-tax profit, however, fell from £895,000 to £813,000. Much of the profit slide was attributable to stagnant rates, said Macintyre. “We have been very proactive in taking costs out of the business since 2008, […]