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”. […]
The chairman of Elite Transport Services has said he has a “very strong desire” to turn the business around, after creditors voted to back a company voluntary arrangement (CVA) at the container haulier.
Despite selling a majority share to Rico Logistics in January last year and exiting its Company Voluntary Agreement (CVA) early, Circle Express made a loss last year.
Aspray Transport is to close its doors next Friday (16 August) with up to 449 jobs potentially at risk of redundancy after attempts to revive the business proved in vain, Motortransport.co.uk can reveal.