Final-mile service cost Whistl £10m before investor’s exit


 

The cost of rolling-out and running Whistl’s end-to-end final mile delivery service had exceeded £10m by the end of 2014, newly published accounts reveal. The service, which Whistl officially killed off earlier this month, saw costs associated with the network, in what was ultimately a failed bid to take on Royal Mail, balloon from £2.1m in 2013 to £10.3m last year. Following financial backer LDC’s decision to withdraw support for the final mile venture in April – at that time […]