Creditors of NFT Distribution Operations have contacted Motor Transport, criticising the way its business and assets were sold and unhappy that it could take months before unpaid invoices are settled. PricewaterhouseCoopers (PwC) has confirmed that it was appointed administrator of the company, which is headquartered in Alfreton, Derbyshire and had a workforce of 2,231 staff. PwC said that on 31 January the majority of NFT’s business and assets were sold to EV Cargo Logistics in a pre-packaged deal following the […]
Leicester freight transport business AM Widdowson & Son has gone into administration.
Advanced Processing, which trades as Advanced Supply Chain, took another step towards its target of £100m turnover by 2016, after a revealing a 57% rise in its most recent financial year. For the 12 months ending 30 June 2012 turnover rose to £28m, from £17.5m in the previous 12 month period. The garment processing specialist also increased its profitability, revealing a pre-tax profit of £1.1m compared to £508,333. In setting its £100m target for 2016, the Bradford-based operator has stated […]
ECM (Vehicle Delivery Service) enjoyed a strong 2016 as UK car sales boomed delivering a 12% rise in pre-tax profit, but has warned of tough times ahead.