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 […]
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.
City Link’s administrators have made more than 2,300 staff at the failed business redundant.
XPO Logistics remains in a standoff with the new owner of House of Fraser, with the department store group’s supply chain paralysed as a consequence.