Former City Link parent Better Capital has revised up the amount it expects to receive from its investment in the collapsed parcel carrier. In its report for the six months to 30 September, the business turnaround specialist said it expects to collect a £22m dividend from the sale of City Link’s assets. In June Better Capital estimated it would receive £20m, half of the £40m it invested in the parcel carrier following its purchase from former parent Rentokil Initial in […]
HMRC has forced through a revision to the original deal put forward for creditors of Premier Logistics (UK), which entered a Company Voluntary Agreement (CVA) earlier this week, MT can reveal.
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.
The business and assets of Lima Logistics have been sold to John Dinham Transport after the Gloucester-based courier company entered administration.