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 […]
Cardiff Container Link entered into administration after “key personnel” at the company became ill and were absent from the business.
Trade creditors of West Yorkshire-based Bedfords should receive some money when the business enters liquidation, according to insolvency practitioners.
City Link cut its first quarter losses by more than a third but remained loss-making ahead of its sale to turnaround investor Better Capital.