An operator that worked as a subcontractor for City Link has claimed it has been left thousands of pounds out of pocket by the parcel carrier’s collapse last month. Speaking to Motortransport.co.uk Jim Timms, owner of Gloucester-based James Timms Transport, estimated that the firm is owed £113,000 by City Link for trunking work it carried out in the run-up to Christmas. “It came as a big surprise. We were doing a lot of work for it up to Christmas and […]
The reign of Almtone-owned Canute Group came to an end today (21 December) just over seven months after it began with the pre-pack administration and sale of its predecessor company.
City Link cut its first quarter losses by more than a third but remained loss-making ahead of its sale to turnaround investor Better Capital.
Unsecured creditors of Canute Haulage Group and its successor are set to be left almost £11m out of pocket after last year’s doubleheader of collapses.