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 […]
TT Express (Oldham) has been sold to John Raymond Transport in a pre-pack deal after it went into administration last week (15 September).
HMV transport providers TNT Express and TNT Post are awaiting the outcome of the retailer’s administration. Both carriers have confirmed that they worked with the music and film retailer, which appointed administrator Deloitte on Tuesday (15 January). A spokesman for TNT Post confirmed that the carrier would continue working with HMV as it trades through its administration. TNT Express confirmed that it worked with the retailer, but declined to comment further. On Monday, TNT Express revealed that UPS had pulled […]
Creditors seldom get back all of the money owed to them when a company becomes insolvent, but you don’t have to take things lying down.