The administrator of Canute Haulage Group is locked in a legal tussle with the haulier’s one time largest customer, Wilko, over a disputed £600,000 contingency relating to a contract termination. The end of the 29-year contract with the retailer in September 2017, which represented 30% or £30m of Canute’s annual turnover at that point, was a hammer blow that led to the firm’s collapse in May 2018 and subsequent sale. At the time it was made public that Wincanton would […]
Wincanton is now a “very different organisation” to what it was a few years ago, as the company increased turnover, more-than doubled pre-tax and continued to reduce its net debt in financial year 2013.
Administrators handling the affairs of Clugston Group said they had successfully agreed a sale of the share capital of its haulage arm, Clugston Distribution Services (CDS).
Argos employees from across the UK are to protest outside its new owner Sainsbury’s’ HQ next week, after the company failed to guarantee their futures within the business.