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. The logistics firm is owed £30.4m as a creditor of the retailer, which was placed into administration on 10 August and saw most of its assets sold to Mike Ashley’s Sports Direct shortly after. While the sale price of £90m was eye-catching, the money will be used to settle debts with secured creditors. Under insolvency […]
DBC Foodservice had no vehicle assets despite having 230 of them when it went under in March, as its fleet was run on a contract-hire basis. The £300m turnover company supplied some of the best known cafes, restaurants and bars on the high Street including Caffé Nero, Prezzo, Loch Fyne and vodka bar chain Revolution. DBC’s fleet of mainly Dafs delivered 8,000 multi-temperature products to customers each year. However, after attempts to sell the business earlier this year failed, administrator […]
Transport and logistics operations at The Russell Group have not been affected by recent financial problems at group company Icetech Freezers, the firm has stated.
Cannock-based transport and training company Go Direct Recruitment Services has gone into voluntary liquidation after an accounting error left the firm with debts of more than £2.8m.