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. Following a meeting on 30 July where the revisions were put to creditors of the business, the tax man, which was owed £500,814 as of an estimated statement of affairs dated the 10 July, has increased the amount to be paid, albeit over a longer term. The struggling haulier […]
City Link’s management had laid out plans to pull out of the B2C market and refocus the courier’s efforts on attracting higher-margin business shortly before its collapse, it has emerged.
A bad debt and the loss of its largest client set off a chain of events that sunk old Canute leading to a controversial rebirth in May, MT takes a closer look.