Creditors at AM Widdowson & Son have voted to approve a CVA that will see them paid 36.12p in the pound. Creditors met to vote on the CVA proposals at the Leicester haulier on Friday 3 July. It was approved ahead of a winding up petition hearing at the High Court of Justice, chancery division, in Manchester on Monday 7 July. That winding up petition has been dismissed. Kate Murphy and Conrad Beighton of Leonard Curtis Recovery have been appointed […]
The assets and business of Palletline Logistics (Midlands) were bought for £71,000 in a pre-pack deal in July by newly formed Global Logistics Central on the same day the former went into administration, according to administrator RSM Tenon.
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.
Newcastle-based David Price Food Services has secured a Company Voluntary Arrangement (CVA) that will see its unsecured creditors paid 38p in the pound on debts of about £2.1m. The arrangement, which the firm said was approved by more than 99% of creditors at a meeting on Wednesday 5 September, safeguards the jobs of 175 staff across seven depots. Company chairman David Price told MT he was relieved the firm had avoided falling into administration. “It has been a traumatic time […]