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 […]
Canute Haulage Group creditors stand to lose millions of pounds following the sale of the business earlier this month via a pre-pack administration.
Bibby Distribution won back Tetrosyl from Canute Haulage Group just days before its rival’s pre-pack sale
Canute Haulage Group surrendered a contract with car care products manufacturer Tetrosyl days before its controversial pre-pack administration.
Canute Group has been forced to reassure staff that the business will endure after a delay in paying wages earlier this month.