The administrator for contract hire and rental firm Axis Fleet Management said it now looked likely both former staff and trade creditors will receive some of their money back. This reversal in fortune follows a report from FRP Advisory Trading that came out last year and which warned that preferential and unsecured creditors probably wouldn’t be paid. But in its latest summary, FRP administrator Miles Needham said preferential creditors’ claims, which relate to staff arrears of pay, unpaid pension contributions […]
Through shrewd acquisitions, Culina Group chief executive Thomas van Mourik has built a logistics business boasting a turnover of over £1bn. But as far as he’s concerned, it’s all just an enjoyable hobby.
Pall-Ex has signed its fourth European partner and launched its first all-new livery since Hilary Devey founded the pallet network in 1996. The new principal national partner, which can’t be named, will run Pall-Ex France as key-franchisee for the territory. Pall-Ex France will have a central hub in the Orleans region of France, and the new partner plans to be up and running by the final quarter of this year. The deal keeps Pall-Ex on course to realise its plan […]
Fowler Welch said its sale last year to Culina Group had strengthened its ability to overcome challenges and enhanced its services.