Hellmann Worldwide Logistics appears to be out of the woods after its German parent company completed its delayed refinancing exercise. The parent company has been in protracted negotiations with 11 funding partners to refinance a €159m (£125m) loan, which makes up 40% of the group’s total loans, for more than a year. Delays to the refinancing, which saw it breach two deadlines in August 2015 and May this year, prompted independent auditor Graham Neale to flag up his concerns about […]
Royal Mail’s “incredibly successful” parcel-pick up service has collected one million parcels from customers’ doors since its launch in October 2020.
Turnover at Boughey Distribution fell during the first half of its current financial year, after the loss of a customer was not offset with enough new business. In a statement issued today by parent company NWF Group covering the six months ended 30 November 2012, it was revealed that turnover at Boughey Distribution fell 17.5% to £18.9m (2011/12: £22.9m). Boughey Distribution was hit particularly hard by the loss of a contract with AB World Foods in the period, which caused […]
Road transport rates have hardly moved over the last three years, provisional new data from the Office for National Statistics (ONS) has shown.