TT Express (Oldham) has been sold to John Raymond Transport in a pre-pack deal after it went into administration last week (15 September). The 40-year-old business appointed administrator KPMG the same day, which immediately transferred the assets and 56 employees to an unconnected party – TT Express Group. Both TT Express and John Raymond Transport confirmed the south Wales haulier was behind the acquisition. In its most recent results for the year to 30 March 2016, TT Express recorded a […]
Palletline Logistics (Midlands) has lost its battle for survival and ceased to trade.
Almtone-owned Canute Group will cease trading ahead of Christmas with the loss of 600-plus jobs, after attempts to revive the business in May via a controversial pre-pack sale failed.
Own account operator Poundworld Retail has appointed administrators after talks with a potential buyer collapsed.