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 […]
Aspray Transport is to close its doors next Friday (16 August) with up to 449 jobs potentially at risk of redundancy after attempts to revive the business proved in vain, Motortransport.co.uk can reveal.
A company that took on some of the work of a Cardiff haulier after it entered administration has now gone into liquidation.
Mergers and acquisitions (M&A) activity in the transport sector throughout the world is predicted to rise for the fourth consecutive year, according to a report from KPMG.