The combination of the £16m sale of its former automotive logistics division and securing a “significant” customer wins towards the end of its last financial year helped Eddie Stobart Logistics generate a £21m surplus, which was used to repay its debt. It sold its automotive logistics arm to WeBuyAnyCar.com-owner BCA Marketplace at a profit of £7m. BCA Marketplace paid £16m in cash for the business in August. Its former parent Stobart Group, which has a 49% stake in the haulier, […]
Eddie Stobart labels Aggregate Industries’ decision to chop it as regrettable; as independents come to the fore
Eddie Stobart Logistics (ESL) has labelled the premature end of its Concrete Products Division contract with Aggregate Industries (AI) as “regrettable” in a letter to affected staff.
Logistics business groups have welcomed the Chancellor of the Exchequer’s series of measures to get the economy back on its feet, but warned that further initiatives are needed to prevent a slew of job losses.
Glenfield Storage Solutions, a successor company to failed Widdowson Logistics, remains a going concern despite net liabilities of close to £98,000.