DX Group has bought some of City Link’s assets for £1.1m as the administrator. DX, which is headed up by former City Link MD Petar Cvetkovic, has bought assets including cages, scanners and certain intellectual property, the nature of which has not been disclosed. The sale comes as a spokesman for administrator Ernst & Young (EY) told Motortransport.co.uk that City Link’s leased the majority of its 1,700-stong vehicle fleet prior to it entering administration on Christmas Eve. This included around […]
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.
The RMT union has called off a week-long strike at City Link after the parcel carrier applied for an injunction at the High Court.
Own-account operator DBC Foodservice has been put into administration, after attempts to sell the business failed. By Chris Druce The £300m turnover company supplies some of the best known cafes, restaurants and bars on the high Street including Café Nero, Prezzo, Loch Fyne and vodka bar chain Revolution. Other customers include hotels, local authorities, the MoD, NHS and police. Russell Cash, Ben Woolrych and Mark Wilson from Baker Tilly Restructuring and Recovery were appointed to handle the administration yesterday (27 […]