Key factors leading to Surfair Global Logistics demise were the owner’s inability to spend “sufficient time” at the business, due to a family bereavement, and an “unexpected trading loss” after inaccurate reporting of the company’s financial position. The claims are made in a creditors report by administrators Milner Boardman & Partners following the voluntary liquidation of the company last month, which left over 80 creditors facing losses of more than £1m. The report says MD and owner Paul Cannon was […]
Carillion’s bankers have launched a £225m fund to help subcontractors and suppliers hit by the construction and outsourcing giant’s collapse.
The assets and business of Palletline Logistics (Midlands) were bought for £71,000 in a pre-pack deal in July by newly formed Global Logistics Central on the same day the former went into administration, according to administrator RSM Tenon.
Birmingham-based Ware Transport has been snapped up by Trilogy Freight after entering administration.