The homeowners of The Daily Telegraph have been dealt a recent blow after the collapse of the dad or mum firm behind Arrow XL, a UK-wide supply enterprise.

Sky News has learnt that Logistics Group Limited, which till lately additionally owned Yodel, fell into administration earlier on Friday.

The choice is known to have been orchestrated by HSBC, the corporate's foremost lender.

Money newest: Lender to extend some mortgage offers in 'baffling' transfer

It was unclear on Friday what number of jobs may very well be put in danger by the insolvency.

The transfer is the newest setback to befall the Barclay household, which was as soon as among the many richest in Britain however in current months has had intense strain utilized to it by excessive road lenders together with HSBC and Lloyds Banking Group.

Last summer time, Lloyds pressured the Telegraph's dad or mum firm into insolvency, triggering an public sale of the newspaper and The Spectator journal.

A £1.2bn deal struck by the household with RedBird IMI, an Abu Dhabi-backed automobile, appeared to have secured a £600m sale of the media property, however that deal has been scuppered by parliamentarians against international state possession of newspapers.

An extra public sale is now possible, however leaves important unanswered questions concerning the Barclays' capacity to finance their different companies, together with Very Group, the net buying platform.

Read extra:Telegraph acquisition could 'function in opposition to the general public curiosity'Frazer rebukes Telegraph administrators over elimination of newspaper bossesForeign governments face ban on proudly owning British newspapers

In an announcement launched to Sky News, a spokesman for the Barclay household mentioned: "We can confirm that following the successful sale of Yodel Delivery Network Limited ("Yodel"), Daniel Butters and Daniel Smith of Teneo have been appointed as joint administrators of Yodel's non-trading holding company, Logistics Group Limited ("LGL").

"The appointment of directors to LGL doesn't in any manner impression on Arrow XL Limited or on another a part of the group which proceed to function as regular.

"The appointment was made by HSBC, with whom the group is continuing to work with following the sale of Yodel."

Last month, Yodel was bought to a newly fashioned firm known as YDLGP, which is backed by the founding father of Shift, a rival courier firm.

Content Source: information.sky.com