A pre-packaged sale of Leicester transport firm AM Widdowson and Son was the culmination of a torrid two years that included the loss of contracts, under-estimated fuel costs and management systems that were not fit for purpose. The company entered into administration on 6 July (CM 21 July) after falling into arrears with its contributions under its company voluntary arrangement (CVA), which had seen it pay creditors 36p in the pound since July 2015. A letter to creditors from administrator […]
The Widdowson Corporation has been officially dissolved, closing a tumultuous chapter in the long running saga that saw haulier AM Widdowson & Son hit the skids and ultimately cease to be.
Creditors of Birstall, West Yorkshire-based Bedfords Group could be owed more than £5m, according to estimates by administrators at KPMG.
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.