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 […]
Reed Boardall Group saw pre-tax profit rise almost 60% last year despite “fierce competition” in the transport industry and rising fuel costs.
Independent parcel delivery network APC Overnight has announced an ownership restructure aimed at significantly expanding its existing share base.
Royal Mail Group has turned a loss into a profit in its UK letters and parcels arm as it revealed details behind its strategy to develop into a more parcels-focused business ahead of its planned privatisation. The Group’s first half profit for the six months ending 23 September leapt to £99m, from a loss of £41m in the same period a year ago. This came mainly as a result of a 5.6% rise in parcel volumes which now accounts for […]