Gregory Distribution Limited snapped up the business, assets and goodwill of collapsed Oxfordshire firm Interoute Transport Services for just £75,000, according to the firm’s administrators. In a progress report, published last month, Quantuma adminstrators Carl Jackson and Kelly Mitchell stated that following their appointment on 17 May 2013 they closed the loss making transport side of the business with immediate effect, making all drivers redundant. However, the warehouse was kept running on a reduced basis, and a transport manager retained […]
Pall-Ex’s ambitious European expansion plan remains on track, despite the economic volatility gripping the Continent, deputy MD Cris Stephenson has said. Pall-Ex has set itself the target of having a 15 country-strong network of European franchisees by 2015. Stephenson confirmed its European expansion was “on track, and unchanged”. He said pallet networks’ inherent efficiencies and co-operative approach meant that, despite Europe’s troubles, they “play into that quite usefully. In times of economic trouble they are [often] a better option.” Pall-Ex […]
Canute Haulage Group had been served with at least 23 County Court Judgments and owed creditors close to £212,000 in the days leading up to its pre-pack administration earlier this month.
The acquisition of ARR Craib helped boost Gregory Distribution Holdings profits last year and offset the impact of a bad debt acquired after a major customer went bust.