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 […]
Felixstowe-based Searon Logistics has entered administration after its largest customer moved to Southampton, causing a significant increase in costs.
Leicester freight transport business AM Widdowson & Son has gone into administration.
The government is investigating whether further regulation of pre-pack administration sales is needed, after measures were introduced to try and improve transparency.