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 […]
M and J Haulage, a major sugar beet haulage contractor, has been placed into administration prompting concerns among growers that they’ll struggle to find another company to harvest and deliver the crop.
Haulage consortium Jigsaw has revealed further details about its multi-million pound contract with Kimberly-Clark, which it won and began operating last year.
Firms that worked for Simpsons Logistics are owed around £837,000 but the company’s administrator believes unsecured creditors will still recover some of their money.