Nelson Distribution was profitable in its final year of trading before it became part of the Knights of Old Group, newly published accounts show. The Belper-based business, owned at the time by the Nelson family, recorded a profit for the period 1 April to 31 May 2016 of £462,130. The average number of employees in the period was 76. The accounts also showed that Kettering-based Knights of Old became the ultimate parent company of Nelson Distribution on 31 May 2016. […]
City Link and its former parent Better Capital are “morally, if not legally, responsible” for the financial difficulties that some of its creditors now face, a group of MPs looking into the collapse of the company have said.
Stobart Group saw turnover in its core transport and distribution division climb in the first half of its financial year despite “considerable demand volatility”, although profit was flat.