Premier Logistics (UK) enters into company voluntary arrangement

Premier Logistics
 

Bardon, Leicestershire-based Premier Logistics (UK) has entered into a company voluntary arrangement (CVA). Rajnesh Mittal and Steven Stokes of FRP Advisory have been named as joint supervisors of the CVA. The struggling haulier has been seeking to restructure its finances in the face of a £5.7m shortfall to creditors. The final details of the CVA are unknown at present but in a letter seen by MT and dated 11 July, owner Lee Christopher described a period of ‘unprecedented financial stress’ for the business. […]