article_snippet: Courier firm City Link broke the law over job cuts when Courier firm City Link went bust over Christmas, but can only be fined a maximum of £5,000.
article_snippet: The report published today by Parliament’s Scottish Affairs and Business, Innovation and Skills Committees probed the failure of City Link.
article_snippet: This did not happen in the case of City Link, owned by Better Capital and run by private equity tycoon Jon Moulton.
article_snippet: City Link faced fierce competition from bigger rivals DHL and Fedex and the business Ian Davidson MP (pictured) inherited was in a bad state.
article_snippet: Davidson said: ‘We are dismayed that, although it was clear for some time that there were serious questions over the ability of City Link to continue trading after December 2014, small businesses and self-employed drivers . . were encouraged to take on additional costs.
article_snippet: City Link and Better Capital are morally, if not legally, responsible for the difficulties that many of these individuals and small business now find these individuals and small business in.