City Link administrators offered “£10 or less” for the business


 

It last month emerged that City Link’s management had attempted to sell the business before its administration. Dozens expressed an interest in buying the struggling parcels firm, but why was a sale not reached despite 27 offers being made? A report compiled by administrator Ernst & Young (EY) said that it did not receive any offers that it felt were an appropriate reflection of the business and its assets. A number of offers deemed “unacceptable” were for just £10 or […]