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Former Caledonian Logistics owners file second NOI to appoint administrator
Summary by transportnews.co.uk
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Former Caledonian Logistics owners file second NOI to appoint administrator
Logistics firm Drac Logistics has filed a notice of intention (NOI) to appoint an administrator for the second time in two weeks, writes Carol Millett. The company first lodged an NOI on 23 February and filed a second on 9 March. The latest move, submitted through law firm DMH Stallard, triggers another 10-day moratorium on creditor legal action, giving the business additional time to restructure, secure a sale, or avoid liquidation. Headquarter…
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