The future of Hellmann Worldwide Logistics rests on the success of a major refinancing deal being negotiated by its German parent company, the 3PL’s auditor KPMG has warned. Parent company Hellmann Worldwide Logistics GmbH is in negotiations with 11 funding partners to refinance a €159m (£125m) loan, which makes up 40% of the group’s total loans. The refinancing was set to be completed by August last year but has been put back until the end of this month. In the […]
A reliance on agency staff and hire vehicles at CS Ellis to meet an increase in work dented the operator’s annual profit, newly published accounts show.
Felixstowe-based haulier James Kemball’s investment in additional fleet appears to have paid off with a 9% rise in turnover and 32% jump in pre-tax profit.