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 […]
All former staff who worked at collapsed Northern Ireland steel haulier Donnelly Transport should be paid in full, according to its administrator.
Failed container haulier Deben Transport owed unsecured creditors close to £2.4m when it was placed into administration on 13 April, as well as more than £1.4m to HMRC.
Trade creditors of Nottinghamshire warehouse and logistics provider Prolog are set to receive just 4p in the pound, after administrators found there were insufficient funds to pay them in full.