The administrator for Tachodisc said it is not possible to provide an accurate estimate of when unsecured creditors are likely to receive the money they are owed. In a progress report issued almost a year on from the company’s sale to FTA subsidiary TDUK, administrator BDO said it was also unable to determine how much money unsecured creditors, which submitted claims totalling £13.2m, would receive from the company. The largest claim of £11.74m relates to the Tachodisc pension fund. There […]
JDL Logistics, which entered into administration last month, is to close down in the next few weeks with the loss of all jobs.
A bad debt and the loss of its largest client set off a chain of events that sunk old Canute leading to a controversial rebirth in May, MT takes a closer look.
Cannock-based transport and training company Go Direct Recruitment Services has gone into voluntary liquidation after an accounting error left the firm with debts of more than £2.8m.