Lenders to Eddie Stobart Logistics (ESL) are understood to have recruited advisers to help negotiate a potential financial restructuring of its £155m net debt position. Sky News claims lenders have called in Alverez & Marsal, a global professional services firm notable for its work in turnaround management and performance improvement for high-profile international businesses such as Lehman Brothers and Arthur Andersen. Lenders are demanding answers after ESL failed to publish half-year results amid ongoing investigations into accounting irregularities. The news […]
One of Eddie Stobart Logistics’ (ESL) largest shareholders has been granted an extension by UK regulators to make a firm takeover offer for the beleaguered haulage firm.
Eddie Stobart Logistics (ESL) has warned that 2019 profits will be “significantly below the board’s expectations”.
Eddie Stobart Logistics (ESL) has received a takeover bid from one of its current shareholders, Dbay Advisors.
Eddie Stobart Logistics (ESL) may be forced to seek a new injection of capital to ease investor concerns over mounting debts, an equity analyst has told motortransport.co.uk
Eddie Stobart Logistics management made it difficult for KPMG to obtain “sufficient audit evidence” as it tried to compile the company’s annual accounts, which prompted the accountancy firm to resign as its auditor.
Eddie Stobart Logistics (ESL) has applied for its shares to be suspended from AIM trading after it failed to publish its half-year results in time.
Eddie Stobart Logistics’ plans to build a £75m national distribution centre on green belt land at Appleton Thorn has won the backing of Warrington Borough Council but local councils opposed to the scheme are calling on the Secretary of State to veto the decision.
Eddie Stobart Logistics and The University of Bolton have launched a three-year degree course in Logistics & Supply Chain Management.
Eddie Stobart Logistics’ (ESL) turnover increased 25% year-on-year in the half year period the group said today (9 July), but it also warned that profit would be at the lower end of expectations.