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 […]
Rapid expansion and a change in the way invoices were generated were behind the failure of Slough-based Mark Priestley SDT, according to its administrator.
Just one year after being bought by Cathay Investments, Cardiff haulier Rhys Davies has gone under after accruing “unsustainable losses” during the Covid-19 pandemic.
Merseyside container specialist JWT Commercial has shut down with the loss of 82 jobs following “a very challenging year” caused by the coronavirus.