Manchester haulier folded after Stobart Rail witheld payments


 

The administration of Manchester construction haulier Digway was precipitated by Stobart Rail withholding £317,000 from the company after its new management discovered it had overpaid by hundreds of thousands of pounds. The detail is included in a report to creditors from administrator Cowgill Holloway Business Recovery, which explained how a string of bad debts also caused cashflow problems to Digway. At its peak, the haulier was making revenues of £3.06m, but in late 2018 and early 2019, two bad debts […]