Courier company TGH Logistics has gone into liquidation, owing creditors over £130,000. The courier, which was based in Toddington, Bedfordshire, provided an international and UK same day courier service, including regular deliveries for the banking sector. It traded for over five years before appointing liquidator Nigel Spearing of Spearing Insolvency on 21 March. According to the company’s statement of affairs, it owed creditors a total of £130,415 as of 21 March, including £21,000 to commercial vehicle finance firm Lex Autolease, […]
The Office of Fair Trading (OFT) is about to enter the final stage of its investigation into Mercedes-Benz and five vehicle dealerships over suspected breaches of the Competition Act in the distribution of commercial vehicles. The investigation, launched in 2010, relates to five separate alleged infringements between March 2007 and January 2010, each of them involving two or three dealers, and two of them also involving Mercedes-Benz. Apart from Mercedes UK parent Daimler UK, and ultimate parent Daimler AG, the […]
John Mitchell (Grangemouth) has reported a significant rise in profit after cost-control measures and a focus on its warehousing arm.
Some of road transport’s biggest companies could face a hit to their cash flow after the chancellor signalled he was bringing forward corporation tax deadlines forward yesterday.