Struggling haulier Premier Logistics (UK) is set to enter a company voluntary arrangement (CVA) as it looks to restructure its finances in the face of a £5.7m shortfall to creditors, MT has learnt. In a letter seen by MT dated 11 July, FRP Advisory stated that it had been instructed by Premier Logistics owner Lee […]
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It has emerged that chilled and ambient logistics specialist Davis Haulage entered into a company voluntary arrangement (CVA) months after it was bought by the owner of Widdowson Group.
Bedworth Haulage was sold for less than £17,000 in a pre-pack deal that saved 21 jobs, after it went into administration last month.
Premier Logistics MD Lee Christopher has predicted the haulier will bounce back after two disastrous acquisitions and the end of its Pall-Ex work led to a £1m loss that triggered an emergency loan from its new network.