Rapid expansion and a change in the way invoices were generated were behind the failure of Slough-based Mark Priestley SDT, according to its administrator. In a report to creditors, SFP said that during 2017, turnover at the transport company more than doubled to £9m as it took on whole contract management work for a new customer. However, by the end of that year the directors realised “the correct foundations and employees were not held to complete the work” and it […]
A senior figure at one of the UK’s biggest logistics groups has claimed the Covid-19 pandemic will lead to more multi-user transport operations as companies look to cut costs.
Removal and storage firm Pickfords has completed a pre-pack administration led by its existing management team. Administrator BDO, which was appointed to the Wembley-based Moving Services Group UK on 23 November, sold the removal firm to recently incorporated Pickfords Move Management on the same day. The two legal entities share the same directors in the form of Yogesh Mehta, Russell James Start and Timothy Paul Romer, who is also company secretary. David Gilbert, BDO business restructuring partner, said: “This outcome […]
Clugston Distribution Services (CDS) has swooped for Hull-based Trans 2 Logistics in a pre-pack sale that saved 18 jobs.