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 […]
Premier Logistics MD Lee Christopher has predicted the haulier will bounce back after two disastrous acquisitions and the end of its Pall-Ex work led to a £1m loss that triggered an emergency loan from its new network.
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).
Premier Logistics will shortly begin offering a refused loads service at its new 200,000ft² home in Coalville, Leicestershire.