The Canute Group, owned by Almtone, is expected to make an official announcement about its closure tomorrow afternoon. This is despite an apparently premature tweet from the company’s official Twitter account dated 19 December that reads: “It is with great sadness that we have had to post that The Canute Group have now ceased trading. “We would like to thank our customers, suppliers and staff, who have supported us over the last 40 years.” However, a source at the company […]
Southampton’s Harris Transport, which ceased trading last week, has now been placed into administration.
Former City Link parent Better Capital has revised up the amount it expects to receive from its investment in the collapsed parcel carrier.
Unsecured creditors of Canute Haulage Group and its successor are set to be left almost £11m out of pocket after last year’s doubleheader of collapses.