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 […]
Warwickshire temperature-controlled transport firm Bedworth Haulage has been sold in a pre-pack deal, saving 21 jobs.
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.
By the time the Beast from the East had done its damage and spring was finally making itself known, official figures showed that there had been 574 insolvencies in UK logistics during the first three months of 2018.