NT Whitfield used MD’s pension fund to stay afloat

Stockton-on-Tees haulier NT Whitfield (Transport) was increasingly being kept afloat with cash injections from the MD’s pension pot in the months leading up to its administration. In a report to creditors, FRP Advisory said the company was suffering from “severe cashflow problems” and when it met with MD Ian Smallman on 21 August to discuss […]