AM Widdowson’s unsecured creditors have been left almost £13m out of pocket after the pre-pack sale of the haulier in July. The newly published creditor’s report from administrator Leonard Curtis after the haulier’s £2.5m sale in July set out the monies owed and warned that it is unlikely unsecured creditors will get any back. While approximately 220 jobs were saved by the sale to connected party Widdowson Logistics, the majority of the sale value was used to satisfy a debt […]
Royal Mail retains 10,000 flexible workers amid record volumes but admits to service issues caused by pandemic
Royal Mail said it had experienced the busiest ever three months in its history at the end of 2020, delivering 496m parcels.
The demise of Gulliver’s Truck Hire in December last year was triggered by an increasingly competitive market, falling demand for trucks and vans and “issues” with the firm’s three axle tractor units, according to the firm’s administrators.
S&S Distribution, the Kent-based haulier snapped up by Palletline last year, recorded a pre-tax loss shortly after its purchase, newly published accounts show.