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 […]
Canute Group, which is due to shut its doors this week (21 December), was unable to demonstrate financial standing, MT can now reveal.
Pallet networks have not adjusted their member-to-member rates for too long, the boss of Pallet-Track has said.
Canute Group has won a nationwide distribution contract with envelope supplier Bong UK.