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 – it had been suggested this was for a nominal £1 but Canute denied this. Almtone shares a common director with Canute Group in the form of Glenn Marshall. The other listed […]