Hampshire haulier Alton Transport Service has admitted that taking on “loss making” work from Palletline and losing a contract from Tarmac were to blame for its insolvency. The directors explained to administrators why the firm was struggling to continue trading shortly before the business and assets were sold in a pre-pack deal to Alton Transport Storage at the end of August. In a report to creditors, Quantuma LLP said the company directors had advised them that it had become insolvent […]
CM Downton’s deal to buy C&H (Hauliers) has created a haulage group with an annual turnover of more than £114m, and set it on the path to becoming a true 3PL.
Administrators working for warehouse and distribution firm Prolog said they had saved 130 jobs after selling off part of the business to clothing retailer Cotton Traders.
Glenfield Storage Solutions, a successor company to failed Widdowson Logistics, remains a going concern despite net liabilities of close to £98,000.