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Originally Posted by Mr Angry
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That was BECAUSE it was making a loss, not the reason for it.
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"The strain of these losses became too great and all but used up Better Capital's £40m investment, which was made in 2013 and intended to help to turn around the company.
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Despite the £40m investment, it was still making a loss.
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Hunter Kelly, joint administrator to City Link, said: "City Link Limited has incurred substantial losses over several years.
"These losses reflect a combination of intense competition in the sector, changing customer and parcel recipient preferences, and difficulties for the company in reducing its cost base.
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