The administrator for a Somerset haulage firm is trying to rescue the business through a company voluntary arrangement (CVA) after a review of its financial position showed that it was still solvent. Insolvency practitioners at Leonard Curtis said S C Lyons Haulage had “strong outgoing cumulative net cash flow projections” and was solvent on a […]
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The commercial vehicle finance sector reported a fall in new business of 32% in March, reflecting the measures taken by the government to deal with the coronavirus crisis.
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 […]
Pallet-Track helped Christmas come early to Chatterley Whitfield Colliery, the UK’s biggest deep seam mine, near Stoke on Trent.