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. Following the operator’s pre-pack administration in May, unsecured creditors of the original business were left facing at a £5.3m shortfall. However, a newly published Statement of Proposals covering the resurrected business – Almtone trading as Canute Group – reveals that it racked up its own sizeable debts in the months before it succumbed days before […]
Canute Group has been forced to reassure staff that the business will endure after a delay in paying wages earlier this month.
Gregory Distribution Limited snapped up the business, assets and goodwill of collapsed Oxfordshire firm Interoute Transport Services for just £75,000, according to the firm’s administrators.