Almtone-owned Canute Group will cease trading ahead of Christmas with the loss of 600-plus jobs, after attempts to revive the business in May via a controversial pre-pack sale failed. Following the purchase of the business from administration for £1.3m by Almtone on 12 May, creditors were left nursing a £5.3m shortfall. However, despite ridding itself of debt, the business only narrowly avoided being wound up by HMRC last month after the taxman raised a petition against it. This came as […]
Simpsons Logistics transferred 70 employees to another company when HMRC attempted to wind it up and agreements with APC Overnight and The Pallet Express (TPN) were cancelled, according to administrators.
While Motortransport.co.uk did not see as many industry insolvencies or closures in 2016 as in previous years, there were still a number of high-profile cases that shocked the transport sector.