Hargreaves Services has purchased civil engineering and earth moving group Pryor, after the latter was placed into administration. Pryor had been poised to enter administration since January “owing to a severe short-fall in working capital”. In a statement issued today FRP Advisory said the sale of the ongoing business, trade and certain assets to Hargreaves (UK) Services, a subsidiary of Hargreaves Services, had secured the future of the Harlow-based business. FRP said Pryor has since the final quarter of 2015 […]
The tale of Stobart’s ever falling share price. Two weeks ago, in the wake of Avril Palmer-Baunack’s unceremonious demotion, this column wrote about the woes of backing the Stobart horse. Even the gloss of a three-year deal with Tesco couldn’t reverse it’s fortunes (and given Tesco’s current performance there can’t be that much gloss). However the machinations of the Stobart board have continued to hurt its performance on the stock market.
Former Palletline member Orb Logistics owed unsecured creditors over £1.26m when it went into administration earlier this year, it has been revealed.