Elite Accepts CVA After Debt Problems
Elite Transport Services has accepted a company voluntary arrangement (CVA), which was approved by 99% of its creditors.
The creditors meeting that took place on 8th February revealed that the deal creditors will receive 37 pence from every pound over a five year repayment scheme, which was disclosed by a spokesman for the container haulier. The largest creditor is believed to be HMRC, which is owed approximately £1.5m.
Elite Transport made all of its drivers at its Southampton port redundant last month. It came after the amount of port contained work for the company fell by 8% and affected around 50 drivers. The 50 people included drivers at Felixstowe base and some administration staff at the head office in Manchester.
Felixstowe and Manchester sites are still currently running for subcontracted customers.
The creditors meeting that took place on 8th February revealed that the deal creditors will receive 37 pence from every pound over a five year repayment scheme, which was disclosed by a spokesman for the container haulier. The largest creditor is believed to be HMRC, which is owed approximately £1.5m.
Elite Transport made all of its drivers at its Southampton port redundant last month. It came after the amount of port contained work for the company fell by 8% and affected around 50 drivers. The 50 people included drivers at Felixstowe base and some administration staff at the head office in Manchester.
Felixstowe and Manchester sites are still currently running for subcontracted customers.
