Prentice creditors face non payment
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APEXSETTORECRUIT
• Acclaim Parcels Express (APEX) plans to expand its 70-strong agent network by appointing a haulier near Watford.
Interested operators must have at least 45m2 of warehouse space and be prepared to deliver their own parcels to the Cradley Heath, West Midlandsbased hub.
The 11-year-old company, which was set up by former ANC franchisee Raymond Giblin, does not charge its agents a joining fee. Instead, it earns its revenue by charging agents for every parcel they put into the hub—£3 for every next-day parcel up to 25 kilos, And it pays agents for every parcel they deliver out of the hub— £2.25 for every next-day parcel up to 25 kilos. • A joint liquidator of Lim turnover Felixstowe-based freight forwarder Prentice Shipping Group has warned haulier creditors that they are unlikely to get their money back.
The hauliers, believed to number around 20-30 and including a large number of owner-drivers, represent the biggest proportion of creditors which are owed a total of
252,0(X).
The group subcontracted all its haulage, employing mainly small, local firms and owner-drivers, according to the joint liquidator.
Prentice Shipping Group companies were all put into liq
uidation on 29 November. The group comprises Baltic Ferry Lines Ltd; Haven Transit & Warehousing Ltd; customs clearance and deep sea transport specialist Prentice Shipping Ltd; Prentice Shipping & Transport Group and Prentice Europa Ltd.
Although run separately, inter-company trading resulted in had debts incurred by the group's European arm Prentice Europa, affecting cashflow across the group.
According to the joint liquidator, Adrian Sage of Ipswich-based Kidsons Impey, there are two major group debtors which are based in Scandinavia.