The government is investigating whether further regulation of pre-pack administration sales is needed, after measures were introduced to try and improve transparency. The review of the impact of these measures comes after MT’s sister magazine Commercial Motor revealed that out of 371 pre-pack administrations since November 2015, just 53 were reviewed by a voluntary panel of experts. The industry measures arose from the recommendations of the Graham Review in 2014, which found that pre-pack sales were a useful business rescue […]
AM Widdowson’s unsecured creditors have been left almost £13m out of pocket after the pre-pack sale of the haulier in July.
The Widdowson story has taken another twist with the revelation that, after its latest pre-pack administration, the Leicester-based haulier entered into service agreements with individuals associated with the failed business.
Warwickshire temperature-controlled transport firm Bedworth Haulage has been sold in a pre-pack deal, saving 21 jobs.