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Logistics but which traded as Prolog – had been incurring trading losses for six years before financial support was withdrawn in November 2018.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 […]
RPL Transport has followed parent company Bedfords Group into administration, motortransport.co.uk has learnt.
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.