CT4N Update

CT4N Charitable Trust Ltd

As part of the ongoing strategic restructuring of the CT4N Group, the directors of CT4N Charitable Trust (“the Charity”) resolved to place the Charity into Creditors’ Voluntary Liquidation on 6 November 2025. Tyrone Courtman and Gareth Harris of RSM UK Restructuring Advisory LLP have been appointed as Joint Liquidators to oversee the process.

To safeguard jobs and maintain service continuity, all six employees of CT4N Charitable Trust have transferred to CT4N Limited under TUPE legislation, ensuring their employment rights and accrued benefits remain protected.

In addition, the Easylink service has been novated to CT4N Limited, guaranteeing uninterrupted transport services for communities across Nottingham and Nottinghamshire.

Andrew Grieve, Chairman of CT4N Charitable Trust, stated:

After 46 years of dedicated service to local communities, this decision was extremely difficult. Since the Covid pandemic, the Charity has faced significant financial challenges, including rising salary costs, overheads, and recent increases in national insurance contributions. These pressures have made it impossible for the Charity to continue trading.

CT4N Limited will continue to deliver services for all groups with existing bookings for accessible transport through to the end of the year.” Ends/

CT4N Limited

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/