Canute Group struggles to hold back the debts

Canute Group

Almtone-owned Canute Group has narrowly avoided being wound up by HMRC after the taxman raised a petition against it. This came as the amount the firm owed to creditors ballooned to more than £135,000. The unadvertised winding up petition from HMRC was launched on 13 November and settled on 15 November, according to Companies House, after being paid in full. However, the process prevented Pallet-Track, Canute’s former pallet network, raising its own petition against the company. Pallet-Track is pursuing Canute […]