Pallet-Track is preparing legal action against the new owner of Canute Haulage Group over a £50,000 debt, MT can reveal. Canute was a Pallet-Track member and covered multiple postcodes including CA, LA, TD, DG and RM. However, Pallet-Track is understood to have served Canute its notice in March, ahead of its controversial pre-pack, over concerns regarding the service the member was delivering and poor communication. Canute was working its notice when it made its move to stave off insolvency via […]
Newcastle-based David Price Food Services has secured a Company Voluntary Arrangement (CVA) that will see its unsecured creditors paid 38p in the pound on debts of about £2.1m. The arrangement, which the firm said was approved by more than 99% of creditors at a meeting on Wednesday 5 September, safeguards the jobs of 175 staff across seven depots. Company chairman David Price told MT he was relieved the firm had avoided falling into administration. “It has been a traumatic time […]
Wirral-based transport and storage firm TWA Logistics has entered into a company voluntary arrangement (CVA) as it seeks to pay back more than £300,000.
Elite Transport Services has filed a proposal for a company voluntary arrangement (CVA) with Manchester County Court, ahead of a creditors meeting on Friday (8 February).