C&H (Hauliers) has been acquired by CM Downton in a deal that creates a £114m a year turnover haulage group. Charles Gee Group, parent company to C&H, entered administration last week citing “acute cash-flow problems”. Downton – MT Haulier of the Year 2012 – had a turnover of £93m in the financial year-ending 30 June 2012, posting a pre-tax profit of £6.3m. C&H had a turnover of £21.2m for the year-ending 31 March 2012, with a pre-tax profit of £215,702. […]
Ex-employees of defunct business Innovate Logistics will receive surprise payments three years after the business was dissolved, after the administrators applied for a £470,000 rates rebate.
Unite has called on the management at DHL Supply Chain to clarify what impact the administration of customer BHS could have on its operation.
City Link’s administrator has revised up the amount it believes non-preferential creditors are owed by the collapsed parcel carrier. However, it said it is still waiting to hear from creditors that are owed a total of £12.8m that have not submitted a claim.