City Link’s administrators have made more than 2,300 staff at the failed business redundant. Following the parcel carrier’s collapse into administration on Christmas Eve, Ernst & Young confirmed that although an offer was made for the business by a consortium, it offered “no money up front and significantly undervalued the assets to be acquired”. The administrator has now made 2,356 redundancies across the City Link’s UK sites, retaining 371 people to deal with the parcels that remain within the company’s […]
APC Cambridge is reporting year-on-year growth of 43% growth, which it attributes to the boom in online shopping in the Cambridge region and the resilience of its SME customers during the pandemic.
Key factors leading to Surfair Global Logistics demise were the owner’s inability to spend “sufficient time” at the business, due to a family bereavement, and an “unexpected trading loss” after inaccurate reporting of the company’s financial position.