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 […]
West of Scotland Heavy Haulage (WSHH) failed because Police Scotland withdrew its escort service, effectively stopping the wind turbine transport firm from completing its contracts.
Eddie Stobart Logistics (ESL) may be forced to seek a new injection of capital to ease investor concerns over mounting debts, an equity analyst has told motortransport.co.uk
Wincanton has invested in 80 new Euro- 6 Renaults and Mercedes-Benz as part of its drive to increase efficiency and reduce the environmental impact of its operations.