Further information has emerged regarding events at Leicester haulier AM Widdowson & Son ahead of a meeting of creditors of on 3 July ahead of a proposed CVA. Insolvency practitioner Leonard Curtis has recommended that unsecured creditors are returned 36.12p in the pound as part of a CVA that has the backing of secured creditor Close Invoice Finance. It comes after HMRC issued a winding-up petition on 14 April – which was heard on 8 June – in respect of […]
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.
HM Revenue & Customs has confirmed it is holding an internal review of its approach to enforcement relating to firms involved in the excise supply chain.
Two diesel laundering plants capable together of producing more than 15 million litres of illicit fuel a year have been discovered and closed in Co Armagh, Northern Ireland. Officers from HMRC and the Police Service of Northern Ireland found one plant hidden in a shed at a private address in Cullyhanna; while the other was discovered in an unrelated operation next to a private address in Middletown. Three tonnes of toxic waste – a by-product of the laundering process – […]