Logistics firm sold for just £1
Date published: 17 May 2018
Logistics firm Canute has been sold to Almtone for just £1, according to reports.
Motor Transport says the firm, which recently had a contract terminated with Tetrosyl, has been sold to the holding company for just £1, saving 800 jobs.
Canute’s accounts are overdue according to Companies House, but had a turnover of £106m for the year ending 31 July 2016.
Almtone, which shares director Glenn Marshall with Canute, was registered in September 2017.
The freight transport firm will continue to trade as Canute Group.
Do you have a story for us?
Let us know by emailing news@rochdaleonline.co.uk
All contact will be treated in confidence.
Most Viewed News Stories
- 1First full Stalking Protection Order against a child in UK secured for family in Heywood
- 2Trio jailed for 20 years after shotgun fired at Rochdale house in broad daylight
- 3New energy facility with the ability to power 20,000 homes approved in Bamford
- 4First-ever Workers’ Party councillors elected to Rochdale Borough Council; Labour retains overall...
- 5Cast your vote in the local and mayoral elections today
To contact the Rochdale Online news desk, email news@rochdaleonline.co.uk or visit our news submission page.
To get the latest news on your desktop or mobile, follow Rochdale Online on Twitter and Facebook.