While 2018 is unlikely to be all plane sailing for road transport, things are looking up says Cato Syverson, CEO of Creditsafe. Figures from our most recent Creditsafe Watchdog Report show that the UK economic picture is starting to look a little less sluggish. Across 12 business sectors that we track on a quarterly basis, we saw outputs on the rise, with increased UK business sales and debt levels at a record low. In part, this narrative holds true for […]
The UK road transport sector saw a 20% surge in suppliers’ bad debts in the second quarter of 2017, according to the latest Creditsafe Watchdog Report.
Wholesale drinks distributor Waverley TBS is being wound-up by its administrators after they failed to find a buyer for the business. The company, which has two large DCs at Punchbowl Park in Hemel Hempstead and Felling, near Gateshead, as well as smaller deports across the UK, was licensed to run more than 300 vehicles. These were operated via a combination of own-account and third party providers. As a consequence of the failure to find an outright buyer, 685 Waverley employees […]