The liquidator for Seafield Logistics received unsecured claims of more than £7m. A liquidator’s progress report from Grant Thornton, published as the failed business enters the final stages of the insolvency process, revealed claims for £7.1m were made following the operator’s collapse in June 2014. Grant Thornton said in the report that the final payout to those affected creditors will be 18p in the pound, or £1.3m, with the liquidator having now finished the process of pursuing outstanding debts. The […]
Tyne and Wear-based David Price Food Services has gone into administration just over a year after entering a Company Voluntary Arrangement (CVA).
C&H (Hauliers) has been acquired by CM Downton in a deal that creates a £114m a year turnover haulage group.
Wholesale drinks distributor Waverley TBS is being wound-up by its administrators after they failed to find a buyer for the business. The company, which has two large DCs at Punchbowl Park in Hemel Hempstead and Felling, near Gateshead, as well as smaller deports across the UK, was licensed to run more than 300 vehicles. These were operated via a combination of own-account and third party providers. As a consequence of the failure to find an outright buyer, 685 Waverley employees […]