Widdowson Logistics’ sister company Davis Haulage owed unsecured creditors £4.7m when it was placed into administration just before Christmas. A newly published joint administrators’ statement of proposals from Leonard Curtis also revealed that Buffload paid just over £1.8m for the business via a pre-packed sale on the 23 December. The sale included certain plant, stock and leasehold property of the business, as well as goodwill, book debts and the business name. It safeguarded 175 jobs at the Crewe-based firm and […]
Almtone-owned Canute Group will cease trading ahead of Christmas with the loss of 600-plus jobs, after attempts to revive the business in May via a controversial pre-pack sale failed.
Carlson Vehicle Transfer, part of Groupe Cat, has bought some of the remaining assets of Quantum Automotive out of administration. Quantum appointed administrators Simon Plant and Daniel Plant of SFP on 31 January just days before the assets of sister-firm Sensible Transport were acquired by Autologic after it fell into administration with debts of almost £1m. Stuart Warren, MD of Carlson, tells MT: “We bought a few remaining assets and we are looking to take on a contract with one […]