Canute Group has been forced to reassure staff that the business will endure after a delay in paying wages earlier this month. In a letter to employees, seen by MT, Canute director Noel Marshall attributed staff payment delays to problems arising from the company’s decision to switch banks earlier this year, which “proved to be the wrong choice”. The subsequent move to a new lender to address this is understood to have resulted in a delay in staff being paid, […]
Canute Haulage Group had been served with at least 23 County Court Judgments and owed creditors close to £212,000 in the days leading up to its pre-pack administration earlier this month.
Canute Haulage Group creditors stand to lose millions of pounds following the sale of the business earlier this month via a pre-pack administration.
Canute Group has confirmed that its operations director Gary Sharp has retired.