Sims creditors admit they don't expect money back
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By Ashleigh Wight CREDITORS OF Stockportbased Sims Worldwide Logistics, the company that completed a pre-pack administration last year, have admitted that they do not expect to see any money owed by the former operator.
Cheshire haulier Freight First, which had carried out general haulage for Sims on a subcontracted basis since 2005, was owed approximately £2,370 by the firm when Sims appointed an administrator in October 2012.
when they reopen the next day." the firm — £1,680 in total.
MD Simon Meredith told CM. St Helens-based Draper DistriDirector Neil Draper said: "It's hard, and at the end of the day we're the ones that suffer."
The administrator's statement of proposals, which were published at Companies House, revealed that the firm owed creditors £761,126, including £183,000 in VAT and PAYE owed to HMRC.
Sims Worldwide, a company with the same directors, bought the business and assets of Sims Worldwide Logistics for £72,500 on 30 October 2012, a day after it appointed administrator Leonard Business Rescue and Recovery in October.
Sims Worldwide was unavailable for comment as CM went to press.