Just one year after being bought by Cathay Investments, Cardiff haulier Rhys Davies has gone under after accruing “unsustainable losses” during the Covid-19 pandemic. Ian Vickers and Philip Harris, partners at business advisory firm FRP, have been appointed joint administrators to Rhys Davies & Sons today (8 December). In a statement the auditors said Rhys Davies, which was founded in 1952, “had been acquired by Cathay Group after a long period of losses and despite significant investment from its owners […]
Glenfield Storage Solutions, a successor company to failed Widdowson Logistics, remains a going concern despite net liabilities of close to £98,000.
EV Cargo Global Forwarding has announced significant growth during 2019 and introduced cost reduction measures to ensure sustainable trading during the first half of 2020.
Professional drivers renewing their licences will not have to worry about the D4 medical after the government finally agreed to relax the requirement following mounting criticism it was failing to act.