Premier Logistics (UK) made £2m loss after CVA


 

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 […]