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 […]
Ex-Widdowson Logistics staff retained at a successor company based on the same site as the collapsed haulier are apparently being paid by Birds Transport Leicester.
Widdowson Logistics’ sister company Davis Haulage owed unsecured creditors £4.7m when it was placed into administration just before Christmas.
AM Widdowson’s unsecured creditors have been left almost £13m out of pocket after the pre-pack sale of the haulier in July.