Creditors of Aspray Transport have voted in favour of a company voluntary arrangement (CVA). The full details of the CVA have not been released, but Aspray owner Bushell Investment Group said 99% of the company’s trade suppliers had supported it, representing a clear “reflection of their support of the proposed turnaround strategy”. It added that the CVA would be completed in six months or less and “trade suppliers will be paid in full on their normal trade terms”. Following the […]
A meeting of creditors of Leicester haulier A M Widdowson & Son will take place on 3 July ahead of a proposed CVA.
AM Widdowson was a member of the Palletways network for only a year, Motortransport.co.uk has learnt.
Creditors of Palletline Logistics (Midlands) have voted in favour of the company voluntary arrangement (CVA) applied for by the haulier last month. MD Bob Russett (pictured) told Motortransport.co.uk he had mixed feelings after approval of the CVA this week (16 May): relief that it had passed ensuring a future for the business, but disappointment that the action had been necessary. “We are trading profitability and intend to keep doing so,” says Russett. The Birmingham haulier’s cashflow problems stemmed from errors […]