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 […]
Kitchenware retailer Lakeland is to spend £10m expanding its DC in Cumbria by 50% to provide additional capacity to match expected sales growth in the UK and abroad. The company celebrated record sales in 2012 and is looking to add to its 60-strong high street presence in the UK in the coming years, as well as opening shops abroad. With e-commerce sales averaging double digit growth year-on-year at present, it has decided to sign off on a project to expand […]
Burdens, the civil engineering products and construction materials supplier, has been placed into administration. The company, which has 20 operating centres across the UK and an O-licence to run up 127 vehicles plus trailers, is in the hands of administrator Duff & Phelps. “We will continue to trade the company as a going concern whilst we continue discussions with those parties interested in acquiring some, or all of the remaining branches,” said administrator Philip Duffy. WTB Trading, the main trading […]
Air freight logistics and refrigerated transport company Mark Priestley SDT has been sold to a new company after it entered administration.