Creditors of Birstall, West Yorkshire-based Bedfords Group could be owed more than £5m, according to estimates by administrators at KPMG. The Palletforce founding member company, which employed 84 staff and specialised in transporting printing materials, packaging and homeware, entered administration in March following cash flow difficulties. Days later, RPL Transport, which was purchased by Bedfords in 2014, followed its parent company into administration. Read more Bedfords stablemate RPL Transport in administration too Bedfords Group collapses into administration and ceases trading […]
More than 600 jobs at XPO Logistics are at risk after the collapse and subsequent sale of House of Fraser to Sports Direct, which has left the operator owed £30.4m.
No doubt about it, 2012 was incredibly tough for UK logistics operators. Profits were low, costs were high and obtaining credit to invest remained hard. The double-dip recession we all feared is in danger of turning into triple-fall and GDP growth was more sluggish than a snail on valium. Forecasts for growth in 2013 range from 1% by the Bank of England (BoE) to 1.4% by the Confederation of British Industry, with the BoE also predicting that it will be […]
The former directors of collapsed parcel carrier City Link have been cleared of failing to inform the government of impending staff redundancies before it went into administration last year.