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. […]
Own-account operator DBC Foodservice has been put into administration, after attempts to sell the business failed. By Chris Druce The £300m turnover company supplies some of the best known cafes, restaurants and bars on the high Street including Café Nero, Prezzo, Loch Fyne and vodka bar chain Revolution. Other customers include hotels, local authorities, the MoD, NHS and police. Russell Cash, Ben Woolrych and Mark Wilson from Baker Tilly Restructuring and Recovery were appointed to handle the administration yesterday (27 […]
City Link’s management had laid out plans to pull out of the B2C market and refocus the courier’s efforts on attracting higher-margin business shortly before its collapse, it has emerged.
Davis Haulage, which was sold to Buffaload Logistics for £1.8m late last year, got into trouble after overextending itself, according to a report from administrator Leonard Curtis.