Struggling Canute Group has completed a pre-pack sale, in a move that saves 800 jobs at the business but will likely leave some creditors of the firm out of pocket. The company has been sold to Almtone, a holding company registered in September 2017, for an undisclosed sum. Almtone shares a common director with Canute Group in the form of Glenn Marshall. The other listed director, and sole shareholder of Almtone, is Michael Ventham. The new business will continue to […]
May 9, 2018 Emma Shone
Canute Group has confirmed that its operations director Gary Sharp has retired.
A bad debt and the loss of its largest client set off a chain of events that sunk old Canute leading to a controversial rebirth in May, MT takes a closer look.