City Link and its former parent Better Capital are “morally, if not legally, responsible” for the financial difficulties that some of its creditors now face, a group of MPs looking into the collapse of the company have said. A report compiled by the Business, Innovation and Skills and Scottish Affairs Committees, which concludes an inquiry into the impact the administration has had, recommended an overhaul of the insolvency regime, including the order in which staff, subcontractors and suppliers are paid. […]
Confidence among logistics operators has surged in the last six months with nearly 85% expecting their turnover to increase during 2014, a new survey has shown.
UK Mail is anticipating a fall in both pre-tax profit and turnover for the year ended 31 March 2016 after the installation of incompatible technology incurred huge costs.
With UK banks under constant fire for failing to lend to British businesses, it is refreshing to talk to a banker who is positively eager to work with UK operators. Graham Winslet is sales director of BNP Paribas Rental Solutions, a wholly-owned subsidiary of BNP Paribas, one of the strongest banks in the world (rated AA by Standard & Poor’s). He is responsible for growing the CV contract hire business, which currently owns around 15,000 CVs in France and the UK.