Collapsed haulage firm Corporate Solutions (Logistics) was running at an almost £700,000 pre-tax loss six months before it entered administration, according to insolvency experts. The Solihull-based firm closed in October after suffering increasing fuel and driver costs, with the implementation of IR35 rules compounding its problems according to administrators FRP. In a report to creditors, […]
Administrators handling the affairs of Clugston Group said they had successfully agreed a sale of the share capital of its haulage arm, Clugston Distribution Services (CDS).
Wilko’s two distribution centres at Worksop in Nottinghamshire and Newport in Wales are set to close by Friday next week (22 September), with the loss of more than 300 jobs, whilst the retailer’s 408 stores will close by early October, according to administrators PwC. The announcement of the store closures follows the collapse of a […]
Lloyd Fraser Group and its parent company Barbican Capital have slammed Close Brothers and Close Invoice Finance for triggering the administration of the milk and fashion haulier in a move it claims was “wholly unnecessary” and the result of “bullying” and “spiteful” tactics. Birmingham-based Lloyd Fraser Group was placed into administration on Friday by its […]