Premier Logistics switches strategy after CVA


 

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 […]