Pre-pack sale of West Midlands logistics firm cost management team £143,000


 

Logistics firm Amco Services (International) was sold in a pre-pack deal that cost its management team £143,000, according to new documents. The company called in the administrators in April after the impact of the Covid-19 pandemic disrupted a turnaround plan launched earlier in the year in response to mounting cash and creditor pressure. The deal saved around 160 jobs and the firm’s depots in Redditch, Worcester and Telford were kept in operation. In a report to creditors, administrator Grant Thornton […]