Canute Group’s former pallet network is seeking to have the business wound up next month if it refuses to settle a bill of £47,489.35. Pallet-Track served time on Canute Haulage Group in March of this year as a member of its pallet network over concerns about its performance. However, following Canute Haulage Group’s pre-pack administration in May, the new owner Almtone continued to put pallets through the network under a gentleman’s agreement, which saw it run up its current debt. […]
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.
Pallet networks achieved record volume last year , with almost 16 million pallets processed though the UK’s collection of central hubs.
There is no sign of growth in the pallet sector slowing despite a “difficult trading climate”, according to the Association of Pallet Networks (APN).