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 […]
Canute Haulage Group creditors stand to lose millions of pounds following the sale of the business earlier this month via a pre-pack administration.
XPO Logistics remains in a standoff with the new owner of House of Fraser, with the department store group’s supply chain paralysed as a consequence.
M and J Haulage, a major sugar beet haulage contractor, has been placed into administration prompting concerns among growers that they’ll struggle to find another company to harvest and deliver the crop.