Struggling haulier Premier Logistics (UK) is set to enter a company voluntary arrangement (CVA) as it looks to restructure its finances in the face of a £5.7m shortfall to creditors, MT has learnt. In a letter seen by MT dated 11 July, FRP Advisory stated that it had been instructed by Premier Logistics owner Lee Christopher to hold a meeting of creditors on 30 July, for the purpose of voting on a CVA for the loss-making firm. In a document […]
Aspray Transport secures lifeline and looks to the future as company voluntary arrangement is approved
Creditors of Aspray Transport have voted in favour of a company voluntary arrangement (CVA).
Leicester-based Premier Logistics has extended its coverage within the Pall-Ex pallet network, following its purchase of the business and assets of Cobley Transport (Reading) last year.
Despite selling a majority share to Rico Logistics in January last year and exiting its Company Voluntary Agreement (CVA) early, Circle Express made a loss last year.