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 […]
Lincolnshire-based tipper and rigid trailer manufacturer Fruehauf has been placed into administration.
DBC Foodservice had no vehicle assets despite having 230 of them when it went under in March, as its fleet was run on a contract-hire basis. The £300m turnover company supplied some of the best known cafes, restaurants and bars on the high Street including Caffé Nero, Prezzo, Loch Fyne and vodka bar chain Revolution. DBC’s fleet of mainly Dafs delivered 8,000 multi-temperature products to customers each year. However, after attempts to sell the business earlier this year failed, administrator […]
Norbert Dentressangle’s five-year, £100m contract with Comet is in the hands of administrator Deloitte following the biggest high street collapse since Woolworths in 2008. Wincanton, Comet’s previous logistics partner, walked away from a warehousing and distribution deal with Comet on 30 April after it was unable to agree terms with OpCapita, the equity company that bought the chain at the start of 2012 from Kesa Electricals. A spokeswoman for ND said: “We continue to operate our contracts with Comet Group, […]