The administrator attempting to salvage Prolog said it is in discussions with more than 70 interested parties to try and agree a sale of the Nottinghamshire warehouse and distribution firm. Mazars was appointed to the company, now in administration, on 26 November following the withdrawal of financial support by a group company. At the time of its appointment the administrators said there had been significant interest from potential buyers and a spokesman told MT this week that the number was […]
Simpson Logistics ran out of road due to a customer dispute and creditors chasing payment, says administrator
Administrators handling the affairs of County Durham haulier Simpsons Logistics said it had stopped trading due to a combination of cash flow issues, a customer dispute and a winding up petition.
Rapid expansion and a change in the way invoices were generated were behind the failure of Slough-based Mark Priestley SDT, according to its administrator.
Deben Transport’s claim for damages in relation to the truck cartel could be as much as £8m and, if successful, would potentially result in a payout to trade creditors, according to the administrator.