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 […]
A midlands haulage firm whose main customer was Amazon collapsed into administration after setting up a German branch for the e-tail giant and falling foul of the country’s business laws.
One of the longest-standing haulage businesses in Manchester has been saved after it entered administration following a failed attempt to purchase another firm, according to its director.
Freight levels to Northern Ireland will fall unless border friction is sorted, Logistics UK warns MPs
Hauliers will lose out on trade between Britain and Northern Ireland if the government does not move swiftly to ease border friction, Logistics UK director of policy Elizabeth de Jong told MPs this week.