Firms that worked for Simpsons Logistics are owed around £837,000 but the company’s administrator believes unsecured creditors will still recover some of their money. In its latest progress report, RSM Restructuring said it had sold the Chester le Street haulier’s tangible assets for a total of £96,250 since it was appointed in September 2018. A further £5,000 is still outstanding and relates to the transfer of employees and business to Logistics (Teesside), which occurred as HMRC attempted to wind up […]
City Link’s administrator has revised up the amount it believes non-preferential creditors are owed by the collapsed parcel carrier. However, it said it is still waiting to hear from creditors that are owed a total of £12.8m that have not submitted a claim.
Systemic problems with Brexit red tape will continue to hit exports, RHA warns, as number of empty lorries leaving UK doubles
The RHA is disputing an Office of National Statistics (ONS) forecast that UK exports could rally as traders get used to the new rules.
Simpson Logistics ran out of road due to a customer dispute and creditors chasing payment, says administrator
Administrators handling the affairs of County Durham haulier Simpsons Logistics said it had stopped trading due to a combination of cash flow issues, a customer dispute and a winding up petition.