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 […]
Haydock, Merseyside-based Simon Widdowson has entered administration.
Canute Haulage Group had been served with at least 23 County Court Judgments and owed creditors close to £212,000 in the days leading up to its pre-pack administration earlier this month.
The collapse of Deben Transport highlights the urgent need to address the poor rates plaguing the container haulage market, the boss of Pentalver has said.