A company set up to buy the business and assets of Slough-based Mark Priestley SDT, which entered insolvency proceedings last year, has failed to make payments in line with the agreed terms, according to the administrator. Mark Priestley SDT entered administration in February 2019 before newly incorporated business PSDT snapped up parts of the company for £90,000, to be paid in instalments. However, in a report to creditors, administrator SFP Restructuring said payments were now overdue: “A sale of the […]
Food logistics specialist Associated Cold Stores and Transport (ACS&T) took a pre-tax profit hit last year after a major customer terminated a contract with the company.
The administrator of City Link has revealed that around 20,000 parcels remain in its network.
Unite has criticised Royal Mail for refusing to up a proposed pay increase, despite reporting a £608m profit in its latest results.