City Link’s administrator has revised up the amount it believes non-preferential creditors are owed by the collapsed parcel carrier. However, it said it is still waiting to hear from creditors that are owed a total of £12.8m that have not submitted a claim. As of 24 June non-preferential creditors had made claims totalling £46.7m, up from the estimated £27.2m administrator Ernst & Young (EY) reported in July 2015. In its latest progress report, EY said it intends to write to […]
Palletline Logistics (Midlands) has lost its battle for survival and ceased to trade.
City Link and its former parent Better Capital are “morally, if not legally, responsible” for the financial difficulties that some of its creditors now face, a group of MPs looking into the collapse of the company have said.
Own-account operator DBC Foodservice has been put into administration, after attempts to sell the business failed. By Chris Druce The £300m turnover company supplies some of the best known cafes, restaurants and bars on the high Street including Café Nero, Prezzo, Loch Fyne and vodka bar chain Revolution. Other customers include hotels, local authorities, the MoD, NHS and police. Russell Cash, Ben Woolrych and Mark Wilson from Baker Tilly Restructuring and Recovery were appointed to handle the administration yesterday (27 […]