Creditors of Hull-based CJ Express could be left close to £1m out of pocket, according to the collapsed company’s statement of affairs. Liquidator Leonard Curtis has estimated a deficiency in regards unsecured creditors of £978,570. The statement reveals little in the way of assets for the haulier, which was placed into an insolvency procedure last month, with the majority of its vehicles on a finance lease with Mercedes-Benz. The two largest unsecured creditors are CJ Express’ parent company Premier Logistics, […]
Hargreaves Services’ transport division, Hargreaves Logistics, saw both turnover and operating profit increase in the first six months of the current financial year.
Panther Warehousing has completed a management buyout (MBO), backed by private equity firm Lloyds Development Capital (LDC).
A continued move from straight transport to logistics activities including warehousing, packing and freight forwarding helped Glasgow-based Gordon Leslie Group achieve a 20% rise in pre-tax profit in the year to 30 September 2012. Turnover in the year fell around 8% to £4.8m (2011: £5.2m), but profit before tax came in at just over £487,000 (2011: £405,000). MD Craig Leslie said the firm had made a “fairly conscious move” in the last two years to reduce its reliance on some […]