A meeting of creditors of Leicester haulier A M Widdowson & Son will take place on 3 July ahead of a proposed CVA. According to a nominees’ report, seen by Motortransport.co.uk, Widdowson has appointed insolvency practitioners Leonard Curtis, which has recommended that for there to be a viable business going forward creditors will be returned 36.12p in the pound. It describes this as a “significant improvement on what would be available if the company were to be placed into liquidation”. […]
Pall-Ex has restructured a number of its member postcodes in a move that sees two new members join the network from rival Palletways.
The new owners of AM Widdowson & Son, the Leicester haulier sold in a pre-pack deal, have ambitions to grow the business and are on the acquisition trail for more logistics firms.
Palletways and Nigel Rice Transport parted company at the end of last year due to concerns about the now collapsed operator’s ability to meet its network commitments.