Panther Warehousing has completed a management buyout (MBO), backed by private equity firm Lloyds Development Capital (LDC). The £17m buyout was lead by MD Colin McCarthy and will see the company’s founder and chairman Wilson Barrett retire. Barrett founded the company in 1989, and kept it going when it entered into a CVA in 2008. “He had £470,000 to pay, and over the next three or four years he paid off every penny of it, because that’s the mark of […]
Confidence among logistics operators in future business prospects has increased significantly in the past six months, according to the latest Logistics Confidence Index compiled for Barclays and Grant Thornton UK.
Wincanton has been awarded a five year contract expansion with Morrisons, handling the logistics for its convenience stores in the North.
The availability of modern warehouses is set to reach a six-year high according to property agent and advisor Cushman & Wakefield – but there are huge regional variations within the UK.