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 […]
Creditors seldom get back all of the money owed to them when a company becomes insolvent, but you don’t have to take things lying down.
The collapse of Deben Transport highlights the urgent need to address the poor rates plaguing the container haulage market, the boss of Pentalver has said.