Felixstowe operator folded after storage deal was terminated

The collapse of Surfair Global Logistics has left more than 80 unsecured creditors facing losses amounting to over £1.1m, according to a report by the firm’s administrator Milner Boardman & Partners.

Administrators handling the affairs of Clugston Group said they had successfully agreed a sale of the share capital of its haulage arm, Clugston Distribution Services (CDS).

The government has rejected calls from two select committees for an urgent change in insolvency law, after the collapse of City Link last Christmas left sub-contractors and non-secured creditors £30m out of pocket.