The future of Hellmann Worldwide Logistics rests on the success of a major refinancing deal being negotiated by its German parent company, the 3PL’s auditor KPMG has warned. Parent company Hellmann Worldwide Logistics GmbH is in negotiations with 11 funding partners to refinance a €159m (£125m) loan, which makes up 40% of the group’s total loans. The refinancing was set to be completed by August last year but has been put back until the end of this month. In the […]
John Hackling (Transport) saw pre-tax profit fall 45% last year, according to its latest annual results.
A piecemeal, stop-go approach to funding for road maintenance has made it difficult for highways authorities to deliver maintenance cost-effectively over recent decades, the Public Accounts Committee has said.
AM Widdowson’s unsecured creditors have been left almost £13m out of pocket after the pre-pack sale of the haulier in July.