Eddie Stobart Logistics uses £21m surplus to repay debts


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, […]