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 […]
City Link’s administrator has revised up the amount it believes non-preferential creditors are owed by the collapsed parcel carrier. However, it said it is still waiting to hear from creditors that are owed a total of £12.8m that have not submitted a claim.
Wholesale drinks distributor Waverley TBS is being wound-up by its administrators after they failed to find a buyer for the business. The company, which has two large DCs at Punchbowl Park in Hemel Hempstead and Felling, near Gateshead, as well as smaller deports across the UK, was licensed to run more than 300 vehicles. These were operated via a combination of own-account and third party providers. As a consequence of the failure to find an outright buyer, 685 Waverley employees […]
DHL Supply Chain’s long-standing distribution contract with BHS will end on 6 August, the operator has confirmed, after the collapse of the high street retailer.