Cardiff Container Link entered into administration after “key personnel” at the company became ill and were absent from the business. The background to the Roath Docks-based container haulier’s financial woes is contained in a report to creditors, which explained that it had expanded and traded well up until January 2020. At this point, after five years of trading, the company began to experience cash flow constraints, which administrators at RSM Restructuring said was “due to a variety of factors, including […]
Logistics firm Amco Services (International) was sold in a pre-pack deal that cost its management team £143,000, according to new documents.
An online sale of assets belonging to an Oldham-based logistics firm that entered administration in June has raised around £45,000 – but creditors are still unlikely to be paid.
A legal claim by the administrators of RPL Transport relating to a truck manufacturers’ price-fixing cartel is being pursued while the company enters liquidation.