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 […]
Own account operator Poundworld Retail has appointed administrators after talks with a potential buyer collapsed.
A bad debt and the loss of its largest client set off a chain of events that sunk old Canute leading to a controversial rebirth in May, MT takes a closer look.
1) Beverly Bell Title: Senior Traffic Commissioner Respected by the compliant and disrespected by the non-compliant in equal measure, Bell wields the ultimate power in the industry, deciding whether you have a business or not.