Trade creditors of Nottinghamshire warehouse and logistics provider Prolog are set to receive just 4p in the pound, after administrators found there were insufficient funds to pay them in full. In its latest progress report, Mazars said that even the collapsed operator’s secured creditor, Lloyds Bank, would suffer “a significant shortfall under its security”. Prolog, registered at Companies House as Promotional Logistics, was put into administration in November 2018. However, 32 staff that did not transfer via TUPE to new […]
DHL has said it is too soon to know the impact that the collapse into administration of its client BHS will have on its operations.
The collapse of Deben Transport highlights the urgent need to address the poor rates plaguing the container haulage market, the boss of Pentalver has said.
Unsecured creditors of Canute Haulage Group and its successor are set to be left almost £11m out of pocket after last year’s doubleheader of collapses.