ArrowXL is being prepared for sale by the administrators of its parent company, Logistics Group Limited (LGL), which collapsed in March this year with debts of over £150m, reports Carol Millett.
According to a document recently lodged at Companies House, LGL’s administrators are preparing to sell off ArrowXL for around £57.5m.
The Wigan-based company, which specialises in two-person deliveries, is LGL’s one remaining asset, following the group’s sale of parcel delivery giant Yodel to consortium YDLGP, in February, just one month before the group collapsed.
