Bedworth Haulage was sold for less than £17,000 in a pre-pack deal that saved 21 jobs, after it went into administration last month. In a report to creditors outlining why the Warwick-shire temperature-controlled haulier failed in January after hitting a turnover of £10.5m in 2015, administrator Quantuma said the firm suffered “squeezed margins” due to fleet costs and unprofitable work. In 2015, a continental company Bedworth worked with removed a minimum guarantee for miles per vehicle per week from its […]
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.
Elite Transport Services has filed a proposal for a company voluntary arrangement (CVA) with Manchester County Court, ahead of a creditors meeting on Friday (8 February).
Despite selling a majority share to Rico Logistics in January last year and exiting its Company Voluntary Agreement (CVA) early, Circle Express made a loss last year.