A sting in the tail from the disposal of System Group, coupled with client departures, contract delays and restructuring at its distribution business, saw losses widen at Bibby Supply Chain Services last year. For the year ended 31 December 2015, Bibby Supply Chain Services made a pre-tax loss of £6.2m compared with a loss of £3.6m a year earlier. This was, in part, due to the sale of System Group to Bridgewater Human Capital on 31 January 2015. The disposal […]
Bibby Distribution has appointed Paul Kavanagh as its chief operating officer. Kavanagh was MD of Peel Ports Group’s Medway division. He has also held senior positions at NYK Logistics, Christian Salvesen and P&O Ferrymasters. Iain Speak, chief executive of Bibby, says: “With full responsibility for the company’s UK operations, Paul’s primary focus will be to build upon recent successes and facilitate business growth via existing and new customers.” Last month Bibby revealed it had won a contract with Morrisons to […]
In 2012, Bibby training subsidiary System Training recorded a shock pre-tax loss of £7.5m, pushing its parent Bibby Distribution Services (Holdings) into a £4.6m loss.In 2013, System’s operating losses were cut to a “marginal” £500,000, and in its annual report Bibby said the business was now “more streamlined and focused” and that work was continuing to return it to profit.
Bibby Distribution has had five MAN TGS LS tractive units converted into dual-fuel trucks using LPG for its work with Unipart Rail, in a move it suggested would save up to £200,000 of fuel and reduce CO2 emissions by 10% over the next five years.