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 […]
Despite the high-profile collapse of Deben Transport last month, the amount of insolvencies overall in the transport and haulage sector is rapidly declining year-on-year.
Haydock, Merseyside-based Simon Widdowson has entered administration.
The government has rejected calls from two select committees for an urgent change in insolvency law, after the collapse of City Link last Christmas left sub-contractors and non-secured creditors £30m out of pocket.