Companies owed money following the collapse of own account operator Poundworld Retail may only receive a tiny fraction of the estimated £204m owed to them, after the administrator said there was just £600,000 available to distribute. In a progress report from Deloitte marking a year since negotiations with potential buyer R Capital ground to a […]
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Hermes has won Poundland’s new home delivery contract, after the single-priced retailer said it planned to trial an online shopping system earlier this week.
A Burton-on-Trent haulage firm that failed last month was crippled by a host of problems, including Brexit, Covid-19 and an expensive fraudulent incident involving a customer, according to its administrator. Freight Management European (FME) had traded since 1998 and held an international licence authorising 40 HGVs, but in a report to creditors Currie Young quoted […]
One of the longest-standing haulage businesses in Manchester has been saved after it entered administration following a failed attempt to purchase another firm, according to its director.