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. […]
Paper manufacturer Saica has extended CM Downton’s contract for another year without reverting to a tender or benchmarking process.
Some 350 former City Link staff have signed up to bring a group employment action claim against the collapsed parcel carrier.
The former directors of collapsed parcel carrier City Link have been cleared of failing to inform the government of impending staff redundancies before it went into administration last year.