Canute Haulage Group creditors stand to lose millions of pounds following the sale of the business earlier this month via a pre-pack administration. A report by administrator FRP Advisory states that as of 18 May unsecured creditors face a deficit of £7m. The administrator estimated that creditors could ultimately see a return of just 15p in the pound – although not until a liquidator is appointed – leaving them to shoulder an approximate £5.3m shortfall. More than 900 businesses have […]
All staff jobs at a Thurrock-based haulage firm have been saved after it entered administration and was then sold.
Eddie Stobart has ended its award-winning driver apprenticeship scheme run in association with System Training. The pair won Apprenticeship of the Year in the 2012 MT Awards for their two-year scheme that saw 10 trainees taken on from 200 applicants.