The future of Hellmann Worldwide Logistics’ UK operation has not yet been ensured, with its German parent company still locked-in discussions with its lenders over a refinancing deal. As reported by Motortransport.co.uk in May, parent company Hellmann Worldwide Logistics GmbH is in negotiations with 11 funding partners about a €159m (£125m) loan, which makes up 40% of the group’s total borrowing. The refinancing was set to be completed by August last year. It was then put back until the end […]
Bedfords Group has been placed into administration and has ceased trading.
Hellmann Worldwide Logistics appears to be out of the woods after its German parent company completed its delayed refinancing exercise.
The UK arm of German transport giant Hellmann Worldwide Logistics is poised to take advantage of the opportunities Brexit will bring.