Aspray Transport’s Company Voluntary Arrangement (CVA) will see £1.9m of debt to certain creditors being written off as well as redundancies, motortransport.co.uk can reveal. The haulier, which trades as Aspray24, was acquired by Lee Bushell’s Bushell Investment Group via holding company Bullamasay XL on 5 March. A decision to propose a CVA was taken shortly after, when its new owners concluded that the haulier would not be able to pay its debts as they fell due. This was despite the […]
The chairman of Elite Transport Services has said he has a “very strong desire” to turn the business around, after creditors voted to back a company voluntary arrangement (CVA) at the container haulier.
Express carrier Aspray24 is celebrating its 30th anniversary in 2013 and has marked the occasion with the opening of its new £6m state of the art warehouse on a six-acre plot next to its existing 12-acre site in Noose Lane, Willenhall. According to MD Stuart Laight, the acquisition of the site next door has delivered a number of great benefits for the fast-growing business.
Bardon, Leicestershire-based Premier Logistics (UK) has entered into a company voluntary arrangement (CVA).