More than 330 jobs have been saved after the administrator at Nottinghamshire-based Promotional Logistics sold three of its sites in a management buy-out. Newly created business, Prolog Fulfilment, led by former Promotional Logistics management team Neil Daniells and Nick Hoare, acquired two sites on the Sherwood business park in Annesley, north Nottinghamshire and one in Sudbury, Essex. According to administrator Mazars, under the sale agreement Prolog Fulfilment will also operate the three remaining sites in Sherwood Park on its behalf […]
The government is investigating whether further regulation of pre-pack administration sales is needed, after measures were introduced to try and improve transparency.
Palletways bought Dalkeith for the second time this year, after it went into administration in August.