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 […]
JDL Logistics, which entered into administration last month, is to close down in the next few weeks with the loss of all jobs.
Ex-employees of defunct business Innovate Logistics will receive surprise payments three years after the business was dissolved, after the administrators applied for a £470,000 rates rebate.
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.