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 […]
HMV transport providers TNT Express and TNT Post are awaiting the outcome of the retailer’s administration. Both carriers have confirmed that they worked with the music and film retailer, which appointed administrator Deloitte on Tuesday (15 January). A spokesman for TNT Post confirmed that the carrier would continue working with HMV as it trades through its administration. TNT Express confirmed that it worked with the retailer, but declined to comment further. On Monday, TNT Express revealed that UPS had pulled […]
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.
Administrators handling the affairs of Clugston Group said they had successfully agreed a sale of the share capital of its haulage arm, Clugston Distribution Services (CDS).