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 […]
The new owner of Osborne Motor Transport is looking to grow the firm’s turnover by £1m to £4.5m over the next three years, expand its newly liveried fleet and move to new premises.
Ex-employees of defunct business Innovate Logistics will receive surprise payments three years after the business was dissolved, after the administrators applied for a £470,000 rates rebate.
Eddie Stobart Logistics (ESL) is preparing to make redundancies across the group, motortransport.co.uk has learnt, with sources claiming around 100 jobs are at risk.