Aspray Group founder Pat Laight has severed ties with the business after its new owners, Bushell Investment Group, applied for a company voluntary arrangement (CVA), motortransport.co.uk can reveal. Ownership of the group, which consists of Aspray24, Aspray Logistics and Aspray International, was transferred to Bushell Investment Group on 5 March via holding company Bullamasay XL. Speaking at the time, Bushell Investment Group CEO Lee Bushell promised the takeover would “ensure this business reaches its full potential”. Laight established Aspray in December […]
Premier Logistics (UK) made a £2m loss in the months following its company voluntary agreement (CVA), according to its most recent financial results.
Aspray Transport secures lifeline and looks to the future as company voluntary arrangement is approved
Creditors of Aspray Transport have voted in favour of a company voluntary arrangement (CVA).
“Historical mismanagement” combined with operating licence “issues”, Brexit and rising fuel prices led to Aspray Transport’s demise, according to a letter sent by the firm’s owners to its employees.