Tyne and Wear-based David Price Food Services has gone into administration just over a year after entering a Company Voluntary Arrangement (CVA). The chilled haulage division of the business stopped trading with immediate effect today – with 109 employees made redundant – but its cold storage division, which has facilities in North Shields and Glasgow, […]
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Newcastle-based David Price Food Services has secured a Company Voluntary Arrangement (CVA) that will see its unsecured creditors paid 38p in the pound on debts of about £2.1m. The arrangement, which the firm said was approved by more than 99% of creditors at a meeting on Wednesday 5 September, safeguards the jobs of 175 staff […]
Northern Ireland steel haulier Donnelly Transport struggled under the weight of a number of significant historical bad debts and increased operational costs in the run-up to its administration in September.
While Motortransport.co.uk did not see as many industry insolvencies or closures in 2016 as in previous years, there were still a number of high-profile cases that shocked the transport sector.