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Logistics but which traded as Prolog – had been incurring trading losses for six years before financial support was withdrawn in November 2018.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 […]
Leicester freight transport business AM Widdowson & Son has gone into administration.
Glenfield Storage Solutions, a successor company to failed Widdowson Logistics, remains a going concern despite net liabilities of close to £98,000.
Gregory Distribution Limited snapped up the business, assets and goodwill of collapsed Oxfordshire firm Interoute Transport Services for just £75,000, according to the firm’s administrators.