A back-to-basics approach has helped Premier Logistics to successfully trade through its 18-month Company Voluntary Arrangement (CVA), the company has revealed. The haulier said it is now ready to compete on a level footing after restructuring its finances in 2018 via a CVA in the face of a £5.7m shortfall to its creditors. HMRC forced through a revision to the original terms, which would have meant the company making monthly contributions over five years. However, Premier Logistics said this term […]
Latest figures show that Premier Logistics (UK) increased turnover by 2% to £10.2m as the haulier battled its way out of its Company Voluntary Arrangement (CVA).
Brian Yeardley Continental is rising phoenix-like from near collapse, 14 months after it was forced to issue a company voluntary arrangement (CVA) after seeing its turnover plummet by 60% during the Covid-19 pandemic and lockdowns in the UK and Europe.
The industry has welcomed the prime minister’s pledge to look at finding a way to avoid any more fuel duty rises during the current parliament.