City Link parent Better Capital has revealed it will inject more money into the the parcel carrier in a bid to turn the loss-making business around. City Link narrowed its deficit by 40% in 2013, posting a £21.1m pre-tax loss (2012: £35.9m loss). This came despite a 10% decrease in turnover from £321m in 2012 to £289m in 2013, as it moved away from loss-making contracts. The company described the results for the year to 31 December 2013 as a […]
The financial standing system should be completely reviewed when the UK leaves the EU, according to the FTA.
Creditors of collapsed parcel firm City Link are likely to receive just 1p for every pound they are owed, according to the company’s administrator.
Trade associations have welcomed the government’s plan to reform the Highways Agency, and the unveiling of the watchdogs that will be charged with ensuring the new private entity delivers.