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. Canute Haulage Group’s demise and phoenix-like resurrection in May courtesy of a pre-pack sale led to shock, confusion and anger. Here was a company that had a turnover of £106m in the year to 31 July 2016 and had been a fixture on the UK road network since […]
Kinaxia Logistics has added the ninth haulier to its rapidly expanding stable, rescuing Bollington-based BC Transport from administration.
A Birmingham contract haulier that entered administration earlier this year went from a £1m pre-tax profit to a £100,000 loss in just 20 months’ trading.
A pre-packaged sale of Leicester transport firm AM Widdowson and Son was the culmination of a torrid two years that included the loss of contracts, under-estimated fuel costs and management systems that were not fit for purpose.