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Logistics but which traded as Prolog – had been incurring trading losses for six years before financial support was withdrawn in November 2018.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 […]
In the weeks leading up to its collapse, Deben Transport attempted to make changes to its depot network as it battled to stay afloat.
Canute Group, which is due to shut its doors this week (21 December), was unable to demonstrate financial standing, MT can now reveal.