UK Mail Group has written down the value of its struggling UK Pallets business, revealing a £7.3m impairment charge relating to goodwill dating from its purchase in 2003. The group took action after revealing that in the six months ended 30 September 2014, turnover at the pallet network fell 1.1% to £13.9m (2013: £14.1m). Operating profit plummeted 58.6% to £200,000 (2013: £600,000). UK Mail also conceded in its interim results yesterday, that UK Pallets was still suffering “gaps in the […]
Leicester-based Pall-Ex member Premier Logistics has opened its first southern hub, as part of its stated plan to double its operation in size in the coming twelve months.
Kevin Nightingale has become regional director for the central division at United Pallet Network (UPN), completing a senior restructure at the pallet network.
The Green Group has completed what it views as a breakthrough deal after securing collapsed Seafield Logistics’ Worksop site, a move that saves 70 jobs and transforms its warehousing capability.