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 […]
The acquisition of administration-hit Elite Transport Services pushed Deben Transport into the red last year.
Brian Yeardley Continental is proposing to issue a company voluntary arrangement after its events transport division, TRUCKINGBY Brian Yeardley, suffered the “devastating” loss of £12m due to the Covid-19 pandemic.
Container hauliers may soon find themselves being brought to book less frequently for being inadvertently overloaded, following a new EC proposal to tighten up on the declared weights on shipping containers.