Premier Logistics (UK) made a £2m loss in the months following its company voluntary agreement (CVA), according to its most recent financial results. The struggling haulier restructured its finances in 2018 via a CVA in the face of a £5.7m shortfall to its creditors. Under the terms of the agreement, Premier Logistics (UK) will make monthly contributions for up to five years, totalling £2,040,000. For the 10-month period ending 31 October 2018, the company’s turnover was almost £10m, but it […]
A back-to-basics approach has helped Premier Logistics to successfully trade through its 18-month Company Voluntary Arrangement (CVA), the company has revealed.
Bedworth Haulage was sold for less than £17,000 in a pre-pack deal that saved 21 jobs, after it went into administration last month.
The assets and business of Palletline Logistics (Midlands) were bought for £71,000 in a pre-pack deal in July by newly formed Global Logistics Central on the same day the former went into administration, according to administrator RSM Tenon.