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 […]
Transport and logistics operations at The Russell Group have not been affected by recent financial problems at group company Icetech Freezers, the firm has stated.
HMRC has forced through a revision to the original deal put forward for creditors of Premier Logistics (UK), which entered a Company Voluntary Agreement (CVA) earlier this week, MT can reveal.
A failed move into freight forwarding contributed to the collapse of Simon Widdowson last month, according to the firm’s administrator Begbies Traynor.