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 […]
Fred Sherwood & Sons (Transport) saw pre-tax profit fall 18% last year with turnover also declining by 5% in the period.
In the weeks leading up to its collapse, Deben Transport attempted to make changes to its depot network as it battled to stay afloat.
A combination of winning and retaining business and improving efficiency helped turnover and pre-tax profit at Wincanton grow in the first half of this year.