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 […]
Companies owed money following the collapse of own account operator Poundworld Retail may only receive a tiny fraction of the estimated £204m owed to them, after the administrator said there was just £600,000 available to distribute.
Former staff at Duncan Adams are taking legal action against the Grangemouth haulier for failing to consult on their redundancies.
Turnover at county Durham car transporter Beamish Transport plummeted by 20% in 2018 “arguably because of Brexit uncertainty”, according to its administrator.