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 […]
TT Express (Oldham) has been sold to John Raymond Transport in a pre-pack deal after it went into administration last week (15 September).
All former staff who worked at collapsed Northern Ireland steel haulier Donnelly Transport should be paid in full, according to its administrator.
Getting groupage into Northern Ireland is “one of the hardest things to get right” a senior Cabinet Office official told a Parliamentary Committee this week.