AM Widdowson & Son ended its days with a whimper, after a CVA and two pre-pack administrations left little more than a husk, a new progress report confirms. Following the Leicester-based haulier’s purchase by Malta registered HLD Group in 2015, it went through the insolvency process several times under the administration of Leonard Curtis, leaving unsecured creditors £10m out of pocket collectively. Via a number of legal entities it remained under the ultimate control of HLD Group, which is headed […]
The government has rejected calls from two select committees for an urgent change in insolvency law, after the collapse of City Link last Christmas left sub-contractors and non-secured creditors £30m out of pocket.
The collapse of Surfair Global Logistics has left more than 80 unsecured creditors facing losses amounting to over £1.1m, according to a report by the firm’s administrator Milner Boardman & Partners.
XPO Logistics remains in a standoff with the new owner of House of Fraser, with the department store group’s supply chain paralysed as a consequence.