Crumbs of comfort for Eulos.EU creditors


 

Firms thought to be left out of pocket following the administration of car transporter Eulos.EU will now receive a distribution after an unexpected insurance settlement led to an £11,000 payout. The Sheerness-based business entered administration one year ago after the struggling haulier refinanced its funding facilities in anticipation of a new contract – and was then told it had not won the deal. In a report to creditors, Arvinder Singh at FRP Advisory Trading said unsecured creditors had not been […]