AM Widdowson & Son’s administrator, Leonard Curtis, is pursuing the sale-guarantor for arrears relating to last year’s deal, according to a progress report. AM Widdowson & Son was sold in a pre-pack deal for £2.5m to Widdowson Logistics last year, a business “associated by the common ownership” of HLD Group. A non-cash consideration of £2m was satisfied via the sale of book debts and goodwill. This left a cash consideration of £176,000 to be paid in instalments, the final of […]
Davis Haulage, which was sold to Buffaload Logistics for £1.8m late last year, got into trouble after overextending itself, according to a report from administrator Leonard Curtis.
Whose story is it anyway? In the latest episode of the Motor Transport Podcast, Chris Walton puts the team’s news knowledge to the test as they recap the industry’s hottest headlines. The team look at the pallet sector and its potential for consolidation and, if you’ve been lost in the various Widdowson saga headlines, Chris Druce neatly summarises the story so far. Listen to the podcast on Soundcloud or iTunes, and be sure to subscribe so not to miss out […]
Glenfield Storage Solutions, a successor company to failed Widdowson Logistics, remains a going concern despite net liabilities of close to £98,000.