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 […]
Oldham-based logistics firm NBS Transport’s assets will be auctioned later this month, after it collapsed in June with the loss of 20 jobs.
Canute Haulage Group creditors stand to lose millions of pounds following the sale of the business earlier this month via a pre-pack administration.
Former employees of a Birmingham contract haulier now in administration have been ordered to pay almost £40,000 in costs relating to road traffic accidents.