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 […]
City Link’s management had laid out plans to pull out of the B2C market and refocus the courier’s efforts on attracting higher-margin business shortly before its collapse, it has emerged.
Abbey Logistics and Lomas Distribution paid close to £300,000 for the majority of the bulk powder and warehousing business of collapsed operator Seafield Logistics.