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 […]
Unsecured creditors of failed Hull-based haulier AR Lunn Transport & Warehousing have received just 4% of the money owed to them, the firm’s administrators have revealed.
Former Palletline member Orb Logistics owed unsecured creditors over £1.26m when it went into administration earlier this year, it has been revealed.