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 […]
Davis Haulage, which was sold to Buffaload Logistics for £1.8m late last year, got into trouble after overextending itself, according to a report from administrator Leonard Curtis.
JDL Logistics, which entered into administration last month, is to close down in the next few weeks with the loss of all jobs.
Yusen Logistics has been awarded the nationwide retail and trade distribution contract by Smeg UK.