Kinaxia Logistics director Peter Fields has described his latest purchase, BC Transport, as a “good solid business with great people” that ultimately stumbled as it was carrying too much debt. Speaking after rescuing the Bollington-based haulier from administration in a move that saved 50 jobs, Fields said it was a profitable business but had been a victim of circumstance. Fields said he had looked at BC Transport – a Palletforce founder member, established in 1964 – around the time its […]
City Link’s administrators have made more than 2,300 staff at the failed business redundant.
An operator that worked as a subcontractor for City Link has claimed it has been left thousands of pounds out of pocket by the parcel carrier’s collapse last month.
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.