Administrators handling the affairs of Clugston Group said they had successfully agreed a sale of the share capital of its haulage arm, Clugston Distribution Services (CDS). CDS was not part of the insolvency process and continued to trade as normal following Clugston Group’s fall into administration last month. It has now been acquired by AJWG and KPMG said the sale ensured that CDS continued to trade as a standalone entity, preserved value in the supply chain as well as saving […]
Ripon-based Potter Group Logistics has bought York logistics firm and Palletline member House of James for an undisclosed sum. The deal, struck yesterday (16 May) boosts Potter’s turnover by 50% to £22m, adding 100,000ft² of warehousing space, 35 vehicles and 55 trailers to the fleet. Motortransport.co.uk understands that Simon Gill, MD of House of James, will remain at the combined business for at least three years in the role of commercial director. Matthew Lamb, MD of Potter’s, says: “We have […]
FRP Advisory, the administrators of Charles Gee Group, has confirmed to Motortransport.co.uk that it is still seeking a buyer for some of its road transport interests.
Trade creditors owed money by Gloucester-based Lima Logistics, which collapsed into administration as a result of the Covid-19 pandemic, are expected to receive a dividend.