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 […]
Creditors of Bedworth Haulage said they picked up on rumours of trouble at the company in the weeks before it entered administration.
Devon-based Gregory Distribution has acquired the business, assets and goodwill of Oxfordshire firm Interoute Transport Services, which went into administration on 17 May.
Unsecured creditors of failed Deben Transport will not see a payout unless a claim relating to the truck cartel case proves successful, the firm’s administrators have said.