Creditors seldom get back all of the money owed to them when a company becomes insolvent, but you don’t have to take things lying down. When a company fails consideration is often given to those that lose their jobs, but creditors often have to face up to losing a lot of money too. This can be a double blow when the business and assets of the failed company are sold in a pre-pack deal to a connected party and it […]
Transport firms facing collapse in the wake of the Covid-19 pandemic have been thrown a lifeline in the form of a new law.
City Link narrowed its losses by 54% in 2012, but a reduction in volumes from higher margin B2B customers meant that its performance was behind the expectations of parent company Rentokil Initial.
Royal Mail Group has turned a loss into a profit in its UK letters and parcels arm as it revealed details behind its strategy to develop into a more parcels-focused business ahead of its planned privatisation. The Group’s first half profit for the six months ending 23 September leapt to £99m, from a loss of £41m in the same period a year ago. This came mainly as a result of a 5.6% rise in parcel volumes which now accounts for […]