The assets and business of Palletline Logistics (Midlands) were bought for £71,000 in a pre-pack deal in July by newly formed Global Logistics Central on the same day the former went into administration, according to administrator RSM Tenon. Palletline Logistics (Midlands), established in 1993 by former RHA national chairman and Palletline [network] co-founder Bob Russett, was forced into administration on 17 July after HMRC called in debts owed via a company voluntary arrangement (CVA) in place since May 2012. Global […]
The administrator for Tachodisc said it is not possible to provide an accurate estimate of when unsecured creditors are likely to receive the money they are owed.
Pallet-Track has recruited former Palletline man Steve Butler as a divisional director.
Pallet networks buying member hauliers is a trend the sector will “definitely see more of” in the future, say the heads of Palletline and Pall-Ex.