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 […]
The transport industry has given a mixed reaction to today’s (3 March) Spring Budget.
The profitability of the Cartwright group was already on a “downward trajectory” before the advent of the coronavirus pandemic, with margins impacted by loss-making contracts, according to administrators.
The new owner of Osborne Motor Transport is looking to grow the firm’s turnover by £1m to £4.5m over the next three years, expand its newly liveried fleet and move to new premises.