Companies owed money following the collapse of own account operator Poundworld Retail may only receive a tiny fraction of the estimated £204m owed to them, after the administrator said there was just £600,000 available to distribute. In a progress report from Deloitte marking a year since negotiations with potential buyer R Capital ground to a halt, the administrator said secured creditor Santander would not be paid in full either. In addition, second lien secured creditor, Titan Atlas Holdings, would not […]
Deben Transport was unable to save itself despite taking cost-cutting measures leaving it with no choice but to cease trading, as revealed by Motortransport.co.uk on Monday, its administrator has said.
DHL Supply Chain’s long-standing distribution contract with BHS will end on 6 August, the operator has confirmed, after the collapse of the high street retailer.
NV Transport in Chichester has entered liquidation with the loss of 50 jobs.