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 […]
A meeting of creditors of Leicester haulier A M Widdowson & Son will take place on 3 July ahead of a proposed CVA.
The Widdowson story has taken another twist with the revelation that, after its latest pre-pack administration, the Leicester-based haulier entered into service agreements with individuals associated with the failed business.
AM Widdowson was a member of the Palletways network for only a year, Motortransport.co.uk has learnt.