Trade creditors of Prolog may only receive a tiny fraction of the estimated £10m owed to them after the company entered administration and was then sold off in parts. In a report to creditors, Mazars said the warehouse and distribution firm – registered at Companies House as Promotional Logistics but which traded as Prolog – had been incurring trading losses for six years before financial support was withdrawn in November 2018. It entered administration shortly afterwards and was immediately put […]
Skills for Logistics (SfL) has officially entered creditors’ voluntary liquidation.
Administrators working for warehouse and distribution firm Prolog said they had saved 130 jobs after selling off part of the business to clothing retailer Cotton Traders.