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. Harry Yearsley is also in line for a payment after it helped pay staff wages at the time of Innovate’s administration more than six years ago. A spokeswoman for insolvency practitioners BDO LLP said it had been unaware at the time of the chilled logistics firm’s collapse of the possibility of a rates refund […]
Civil engineering and earth moving group Pryor is understood to have issued an intention to appoint administrators.
A Birmingham contract haulier that entered administration earlier this year went from a £1m pre-tax profit to a £100,000 loss in just 20 months’ trading.
More than one-third of transport and haulage businesses in the UK are at risk of collapse, according to insolvency trade body R3.