Canute Group business saved after pre-pack administration sale to Almtone

Canute Group

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 […]