Pre-pack deal saves family haulage business from administration
Family-run haulage business CIS Industrial has been acquired out of administration in a pre-pack deal, saving all 15 jobs.
Charles Brook and Allan Cadman, partners at insolvency firm Poppleton & Appleby, were appointed as the joint administrators of both companies on 10 August 2017.
The administration included both CIS Industrial Ltd and CIS Industrial Hire & Sales Ltd. Both are Batley-based family-run businesses, founded in the 1980s with premises in the Birstall area.
The companies suffered cash flow issues due to... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...