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Van on the road

61 jobs saved as Monex Distribution acquires Freight Movement Limited from administration

The business and assets of Newport-headquartered Freight Movement Limited has been bought out of administration by Monex Distribution Ltd, saving 61 jobs at the logistics business in the process.

Haulage company in financial difficulty

The business was a group of haulage companies with an annual turnover of approximately £20 million and with approximately 150 employees. The core business was time critical delivery of weekly and monthly periodicals.

Businessman looking at finances

Tax on Overdrawn Director's Loan Accounts (ODLA) – What's changing?

From April 2026, the tax rules on overdrawn director's loan accounts are changing, with the section 455 tax charge increasing to 35.75% for loans made on or after 6 April 2026 for close companies.