Creditors of collapsed parcel firm City Link are likely to receive just 1p for every pound they are owed, according to the company’s administrator. In its latest progress report, administrator Ernst & Young (EY) revised down the amount that non-preferential creditors should expect to receive. When it published its proposals for the administration in February, EY expected creditors would receive a dividend of 2p in the pound. However the administrator admitted that the final amount available to non-preferential creditors, including […]
This year’s most read was dominated by the sad demise of national haulier Canute, which never recovered from the end of its long-term contract with retailer Wilko last year.
The administrator for West of Scotland Heavy Haulage has confirmed that the company is currently being investigated by Police Scotland.
The latest UK Labour Market survey from the Recruitment and Employment Confederation (REC) and KPMG has underlined the acute driver shortage that is threatening to stymie operator growth.