Pall-Ex sells hub to clear debt


 

Pall-Ex has completed a sale and leaseback deal on its central hub, leaving the group debt free, The Hub can reveal. The deal was revealed in the network’s latest published accounts for the year ended 31 January 2014. At that point, the pallet network had group debt of £8.7m, however in response to The Hub’s enquiry, a spokeswoman for Pall-Ex said: “The Pall-Ex group sold its Leicestershire-based UK national hub property under a sale and leaseback arrangement in October 2014. […]