BC Transport owed almost £1.5m when it was placed into administration earlier this month, and unsecured creditors are unlikely to recover any money despite the subsequent sale of the business. The Bollington-based haulage firm was purchased in a pre-pack deal by Kinaxia Logistics on 5 December, after earlier efforts to market the firm by Duff & Phelps attracted interest but no firm offers. The sale saved 50 jobs. According to BC Transport’s statement of affairs, Kinaxia Logistics paid £40,000 in […]
Unsecured creditors of failed Deben Transport will not see a payout unless a claim relating to the truck cartel case proves successful, the firm’s administrators have said.
TT Express (Oldham) has been sold to John Raymond Transport in a pre-pack deal after it went into administration last week (15 September).
Cannock-based transport and training company Go Direct Recruitment Services has gone into voluntary liquidation after an accounting error left the firm with debts of more than £2.8m.