Failed container haulier Deben Transport owed unsecured creditors close to £2.4m when it was placed into administration on 13 April, as well as more than £1.4m to HMRC. According to a report on the administration of the business by Ensors the prognosis for creditors is poor with a lack of saleable assets in the business meaning there is “unlikely to be a distribution of any kind to preferential or unsecured creditors”. That means the company’s 224 staff, who are considering […]
Creditors seldom get back all of the money owed to them when a company becomes insolvent, but you don’t have to take things lying down.
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.
Container haulier Pentalver was “assisted greatly by an upsurge in market conditions” in 2014 after it saw a 7.3% rise in turnover year-on-year.