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 […]
Adjusted EBITDA at Ceva Logistics doubled to $80m (£51.6m) during the second quarter of 2013 as it continues to restructure its balance sheet and experience more growth in the UK.
Bartrums has posted a combined turnover of £26.7m for its road services and haulage and storage arms, down on the previous year’s results, but pre-tax profit showed an improvement.
TNT UK’s pre-tax loss ballooned to £22.1m last year ahead of its acquisition by FedEx Corporation in May 2016.