Former staff of failed car transporter will now receive payout


 

Former employees of a Sheerness-based car transporter that entered administration just before Christmas are now expected to be paid all the money they are owed. Staff at Eulos.EU were told by the administrator that they may only receive 14p in the pound after the company collapsed on 23 December 2019. But in its latest report to creditors, FRP Advisory Trading said it was now anticipated that the preferential creditors would receive 100% of their money, “subject to the level of […]