Canute Haulage Group creditors stand to lose millions of pounds following the sale of the business earlier this month via a pre-pack administration. A report by administrator FRP Advisory states that as of 18 May unsecured creditors face a deficit of £7m. The administrator estimated that creditors could ultimately see a return of just 15p in the pound – although not until a liquidator is appointed – leaving them to shoulder an approximate £5.3m shortfall. More than 900 businesses have […]
Harris Transport director George Harris has spoken of his heartbreak after the family firm established by his parents was forced into administration.
Wincanton has won a five year storage and distribution contract with children’s toy and furniture manufacturer Worlds Apart. Annually, the contract will see the firm deliver 20,000 orders to around 1,350 locations, including homes and retailers. Wincanton will also oversee the storage of the firms goods, storing approximately 3,300 pallets in its warehouses, a throughput of 18,000 a year. “As we strive forward with our ambitious growth plans and continue to launch new and exciting products onto the market, it […]
The business and assets of Lima Logistics have been sold to John Dinham Transport after the Gloucester-based courier company entered administration.