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 […]
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Creditors at AM Widdowson & Son have voted to approve a CVA that will see them paid 36.12p in the pound.