800 jobs saved as logistics firm sold for £1
Logistics firm, Canute Group, has been sold in a pre-pack deal that will save 800 jobs, according to reports.
Motor Transport says that the firm, which has a 70,000 sq ft warehouse at Coventry's Middlemarch Business Park, has been sold to Almtone for just £1m. Glen Marshall is a director of both Almtone and Canute. The business will continue as Canute Group.
Motor Transport says that the firm's accounts are overdue at Companies House, but that it had a turnover £106m for the year-ending 31 July 2016, when it made a loss of £4... For the full story register now for free or login below...