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 […]
Debenhams’ distribution centres remain open and busy as they continue handling online orders, days after its administrators said they should start winding up the business.
The management team at Derby Express Couriers (Overnight) have completed a management buy-out (MBO). The Derby-based overnight courier company, which is part of the APC Overnight parcel delivery network, was sold by founding shareholder Nick Taylor to directors Lorraine Sharp and Susan Hill. “Susan and I are privileged to be able to lead the business to the next stage,” said Lorraine Sharp, who has worked at Derby Express for 12 years. “We take pride in offering a quality and reliable […]
All staff jobs at a Thurrock-based haulage firm have been saved after it entered administration and was then sold.