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 […]
AM Widdowson was a member of the Palletways network for only a year, Motortransport.co.uk has learnt.
Creditors at airfreight haulier Circle Express unanimously voted to approve a company voluntary arrangement (CVA). The Slough-based logistics firm appointed turnaround firm KSA Group to devise a CVA to enable the business to carry on trading while it repays its debts over five years at a rate of 38.3p/per pound owed for unsecured creditors. In its CVA submission, seen by MT.co.uk, Circle explains how rising fuel prices in 2008 led to diesel costs outstripping the company’s fuel surcharge, set at […]
The RHA and FTA have warned that hauliers operating under the London Lorry Control Scheme (LLCS) face extra costs and unnecessary legislation if proposed changes go ahead.