CT4N Update

CT4N Limited (“the Company”) has formally entered into a Company Voluntary Arrangement (CVA) as of 30 October 2025, marking a significant step in the strategic restructuring of its operations. Tyrone Courtman and Deviesh Raikundalia of RSM UK Restructuring Advisory LLP have been appointed as Joint Supervisors of the CVA.

CT4N Limited, a key provider of accessible and community-focused transport services across Nottingham, Nottinghamshire, and the wider East Midlands region, has taken this proactive measure to stabilise its financial position and ensure the continued delivery of vital services to local communities.

Following unanimous approval from voting creditors, the CVA enables the Company to continue trading, safeguarding the employment of 75 staff members and maintaining service continuity for both commercial clients and local transport authorities.

Barry Allitt, Managing Director of CT4N Limited, commented: "The approval of the CVA proposal allows us to move forward with confidence. We remain committed to delivering the essential transport services our communities rely on, while protecting the livelihoods of our employees. This arrangement provides a sustainable path forward and ensures the best possible outcome for our creditors and stakeholders."

The CVA represents a constructive and forward-looking solution, designed to maximise returns to creditors while securing the long-term future of the organisation. Ends/