As 2014 draws to a close, MT.co.uk looks back at the stories you wanted to read. There were shocks, surprises and startling revalations galore in the road transport industry, but what were the ten stories that attracted the most attention? Here’s a clue: Seafield, Stobart and shortages dominated… 1) Lomas Distribution takes on collapsed Seafield’s Winsford site Richard Lomas, MD of Lomas Distribution, voiced his delight at being able to secure the Winsford-based warehousing business of collapsed haulier Seafield Logistics […]
Throughout the year The Hub – Motortransport.co.uk’s business blog – has brought you the real stories behind the headlines. So, without further ceremony, here are some of the many highlights of the year.
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 […]
Andrew Tinkler has stepped down as CEO of Stobart Group, the business he has headed since it listed on the stock market in 2007.