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 […]
HMV transport providers TNT Express and TNT Post are awaiting the outcome of the retailer’s administration. Both carriers have confirmed that they worked with the music and film retailer, which appointed administrator Deloitte on Tuesday (15 January). A spokesman for TNT Post confirmed that the carrier would continue working with HMV as it trades through its administration. TNT Express confirmed that it worked with the retailer, but declined to comment further. On Monday, TNT Express revealed that UPS had pulled […]
C&H (Hauliers) has been acquired by CM Downton in a deal that creates a £114m a year turnover haulage group.
Burdens, the civil engineering products and construction materials supplier, has been placed into administration. The company, which has 20 operating centres across the UK and an O-licence to run up 127 vehicles plus trailers, is in the hands of administrator Duff & Phelps. “We will continue to trade the company as a going concern whilst we continue discussions with those parties interested in acquiring some, or all of the remaining branches,” said administrator Philip Duffy. WTB Trading, the main trading […]