Own account operator Poundworld Retail has appointed administrators after talks with a potential buyer collapsed. The retailer, which has a fleet of 75 vehicles and 140 trailers delivering to 355 stores, has been struggling against the falling value of sterling, weak consumer confidence and rising competition in the discount retail sector. Poundworld Retail was in talks with potential buyer R Capital but after negotiations ground to a halt last week, the retailer appointed Deloitte’s restructuring partners Daniel Butters and Clare […]
M and J Haulage, a major sugar beet haulage contractor, has been placed into administration prompting concerns among growers that they’ll struggle to find another company to harvest and deliver the crop.
The administrator of City Link has revealed that around 20,000 parcels remain in its network.
Skills for Logistics (SfL) has officially entered creditors’ voluntary liquidation.