Almtone-owned Canute Group failed to meet financial standing requirement, OTC reveals

Canute Haulage Group fleet
 

Canute Group, which is due to shut its doors this week (21 December), was unable to demonstrate financial standing, MT can now reveal. Following the news that the business, which completed a pre-pack administration in May, had come to the end of the road, a spokesman for the Office of the Traffic Commissioner (OTC) said: “I can now confirm the following with respect to the operator licence applications made by Almtone Limited [owner of Canute Group]. “The applications were considered […]