The future of Hellmann Worldwide Logistics’ UK operation has not yet been ensured, with its German parent company still locked-in discussions with its lenders over a refinancing deal. As reported by Motortransport.co.uk in May, parent company Hellmann Worldwide Logistics GmbH is in negotiations with 11 funding partners about a €159m (£125m) loan, which makes up 40% of the group’s total borrowing. The refinancing was set to be completed by August last year. It was then put back until the end […]
Creditors of collapsed parcel firm City Link are likely to receive just 1p for every pound they are owed, according to the company’s administrator.
Tyne and Wear-based David Price Food Services has gone into administration just over a year after entering a Company Voluntary Arrangement (CVA).