Palletline Logistics (Midlands) has lost its battle for survival and ceased to trade. The Birmingham-based haulier had entered into a company voluntary arrangement (CVA) last May, after encountering cash flow problems that stemmed from errors in reporting its operating figures to its lenders. Palletline Logistics (Midlands) MD Bob Russett was a founder member of the pallet network that shares a similar name, and its chairman until 2005. Palletline Logistics (Midlands) is a separate legal entity to Palletline Plc, operated under […]
Cross-channel disruption and the migrant crisis, combined with bad debts arising from the steel crisis, saw Laser Transport International suffer a tough second half in 2015.
Winner of the Safety in Operation Award this year was Palletline for its exceptional attitude towards keeping its staff and customers safe.
UK Mail Group has written down the value of its struggling UK Pallets business, revealing a £7.3m impairment charge relating to goodwill dating from its purchase in 2003.