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 […]
Trade creditors owed money following the collapse of Norfolk waste and tankering business Harveyson Haulage are now expected to receive a dividend.
“Urgent action needed to stop avalanche of redundancies and insolvencies,” warns head of Logistics UK
Logistics UK has warned the government it needs to act now to stimulate economic activity and restore consumer confidence amid claims the nation’s businesses are “stagnating” after two months of cautious re-opening following the pandemic.
Contract hire and rental firm Axis Fleet Management has entered administration and ceased trading.