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, […]
Allport Cargo Services has sold its Specialist Services division to Bishopsgate Specialist Installations, Motortransport.co.uk can reveal.
“We’ve had to right-size the business” – Simon Hobbs on a challenging first 10 months as Kinaxia chief executive
When Simon Hobbs says his induction as new Kinaxia boss wasn’t what he expected it sounds like the understatement of the year. Within weeks of taking the reins back in late January, the Covid crisis saw volumes across the group slump by 35% and cash quickly begin to drain.
Northern Ireland steel haulier Donnelly Transport struggled under the weight of a number of significant historical bad debts and increased operational costs in the run-up to its administration in September.