A legal claim by the administrators of RPL Transport relating to a truck manufacturers’ price-fixing cartel is being pursued while the company enters liquidation. The Milton Keynes-based operator followed parent Bedfords Group into administration in April 2019 and insolvency experts at KPMG have spent the year pursuing debts and realising assets. In a report to creditors, KPMG said secured and preferential creditors will be paid in full and there should also be a dividend for unsecured creditors. It added: “All […]
The government has rejected calls from two select committees for an urgent change in insolvency law, after the collapse of City Link last Christmas left sub-contractors and non-secured creditors £30m out of pocket.
City Link’s administrator has revised up the amount it believes non-preferential creditors are owed by the collapsed parcel carrier. However, it said it is still waiting to hear from creditors that are owed a total of £12.8m that have not submitted a claim.
An 11th hour plea by the new owners of Aspray Transport, days before it went into administration last month, that its operating licences be surrendered rather than revoked, to avoid “negative connotations”, was rejected by the traffic commissioner who ruled that it “must have been abundantly clear” during due diligence that the firm had insufficient funds to qualify for the eight licences.