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 […]
With Widdowson Logistics in administration once more, Motortransport.co.uk revisits the events that lead to the operator’s pre-pack in July 2016. Although incorporated in 1975, business conducted by former coal merchant AM Widdowson & Son can be traced back more than 100 years. Like any haulage firm with a few years on the clock there’s been plenty of ups and downs, but for this Leicestershire outfit it’s been a particularly breathless few years. A stricken AM Widdowson was kept on the […]
Palletline has revealed one of its founder members has gone to the courts to secure a company voluntary arrangement (CVA). Palletline Logistics (Midlands) is run by MD Bob Russett, one of the four founders of the original pallet network, Palletline Plc, which celebrates its 20th anniversary this year. Russett stepped down as chairman at Palletline Plc in 2005 to concentrate on his other interests. In a statement issued today, Palletline confirmed its member company had gone to the courts to […]
Elite Transport Services has filed a proposal for a company voluntary arrangement (CVA) with Manchester County Court, ahead of a creditors meeting on Friday (8 February).