company-voluntary-arrangement

Circle Express enters CVA

Heathrow-based airfreight trucker Circle Express has entered into a , reports Motor Transport. The company has appointed turnaround specialist KSA Group to find ways of continuing the business while Circle repays debts over five years at a rate of 38.3 p per pound to unsecured creditors. According to MT, Circle blamed rising road fuel costs for its troubles. It had closed its Bristol and East Midlands depots and frozen wages ... [+]