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 […]
Creditors of NFT Distribution Operations have contacted Motor Transport, criticising the way its business and assets were sold and unhappy that it could take months before unpaid invoices are settled.
Further information has emerged regarding events at Leicester haulier AM Widdowson & Son ahead of a meeting of creditors of on 3 July ahead of a proposed CVA.
Removal and storage firm Pickfords has completed a pre-pack administration led by its existing management team. Administrator BDO, which was appointed to the Wembley-based Moving Services Group UK on 23 November, sold the removal firm to recently incorporated Pickfords Move Management on the same day. The two legal entities share the same directors in the form of Yogesh Mehta, Russell James Start and Timothy Paul Romer, who is also company secretary. David Gilbert, BDO business restructuring partner, said: “This outcome […]