A substantial fire and a significantly loss-making contract were two of the main causes behind the administration of Lincolnshire waste haulage firm Mid-UK Recycling (MUK), according to PWC. The company, which traded from seven sites and held a licence for a total of 98 HGVs, was sold in a pre-pack deal on 12 June to a subsidiary of utilities group Beauparc for £8m. An additional £5m was paid to the owner of the Barkston site it occupied. The move saved […]
Former City Link parent Better Capital has revised up the amount it expects to receive from its investment in the collapsed parcel carrier.
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.
NV Transport in Chichester has entered liquidation with the loss of 50 jobs.