Unsecured creditors of failed Hull-based haulier AR Lunn Transport & Warehousing have received just 4% of the money owed to them, the firm’s administrators have revealed. In its final progress report covering the six months to 28 February, PricewaterhouseCoopers said it had paid just over £76,500 to unsecured creditors of the firm, which entered administration in early 2012 blaming rising fuel prices and other operating costs. That sum represented a first and final dividend of 3.99 pence in the pound. […]
Food distribution specialist Fowler Welch more than doubled its operating profit in the first half of the current financial year, its interim report shows.
Proposals to grant business groups the power to challenge unfair payment terms on behalf of their members are being considered by the government.