Harris Transport director George Harris has spoken of his heartbreak after the family firm established by his parents was forced into administration. Alexander Kinninmonth and Richard Brewer of RSM Restructuring were appointed as joint administrators of the Eastleigh-based transport, distribution and warehousing firm on 21 August. In a statement Kinninmonth said: “Unfortunately, it was not possible to sell the business as a going concern. As a result, the company was left with little choice but to cease trading and make […]
Former City Link parent Better Capital has revised up the amount it expects to receive from its investment in the collapsed parcel carrier.
Creditors of collapsed parcel firm City Link are likely to receive just 1p for every pound they are owed, according to the company’s administrator.
More than one-third of transport and haulage businesses in the UK are at risk of collapse, according to insolvency trade body R3.