It has emerged that chilled and ambient logistics specialist Davis Haulage entered into a company voluntary arrangement (CVA) months after it was bought by the owner of Widdowson Group. Widdowson Group, the trading name of AM Widdowson & Son, is also operating under a CVA after suffering financial problems. It was purchased by Malta-based company HLD Group on 16 June 2015 and placed into a CVA the month after. In February this year HLD Group purchased Crewe-based Davis Haulage. One […]
Aspray Transport secures lifeline and looks to the future as company voluntary arrangement is approved
Creditors of Aspray Transport have voted in favour of a company voluntary arrangement (CVA).
Palletline Logistics (Midlands) has lost its battle for survival and ceased to trade.
Newcastle-based David Price Food Services has secured a Company Voluntary Arrangement (CVA) that will see its unsecured creditors paid 38p in the pound on debts of about £2.1m. The arrangement, which the firm said was approved by more than 99% of creditors at a meeting on Wednesday 5 September, safeguards the jobs of 175 staff across seven depots. Company chairman David Price told MT he was relieved the firm had avoided falling into administration. “It has been a traumatic time […]