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 […]
Operators are struggling to find reliable agency drivers as they gear up for the peak Christmas period, with warnings that the shortage will intensify, forcing prices higher.
Creditors at AM Widdowson & Son have voted to approve a CVA that will see them paid 36.12p in the pound.
AM Widdowson was a member of the Palletways network for only a year, Motortransport.co.uk has learnt.