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 […]
Government plans to introduce a fulfilment house register in a bid to clamp down on VAT fraud could see road transport operators facing prosecution if they fail to check they are delivering to and from registered fulfilment centres.
AM Widdowson & Son ended its days with a whimper, after a CVA and two pre-pack administrations left little more than a husk, a new progress report confirms.
AM Widdowson’s unsecured creditors have been left almost £13m out of pocket after the pre-pack sale of the haulier in July.