The chairman of Elite Transport Services has said he has a “very strong desire” to turn the business around, after creditors voted to back a company voluntary arrangement (CVA) at the container haulier. Gary Bethnal told MT that the decision to enter a CVA, which was backed by 99% of creditors, who will receive 37 pence in the pound over a five-year term, was not taken lightly – but was preferable to a pre-pack administration. “It has been a tough […]
Canute Haulage Group creditors stand to lose millions of pounds following the sale of the business earlier this month via a pre-pack administration.
Rates pressure, diesel prices and lorry road user levy revenues are among the points the RHA wants the chancellor to consider ahead of the Budget (20 March).
Failed container haulier Deben Transport owed unsecured creditors close to £2.4m when it was placed into administration on 13 April, as well as more than £1.4m to HMRC.