Tuffnells owner Connect Group has completed the sale of its care and education division to education resource provider RM. Connect’s sale of the division to RM for £64.4m, including £56.5m cash and a deficit of £7.9m relating to the business’s pension fun, was announced in February this year. In April the Competition and Markets Authority (CMA) launched an investigation into whether the deal would lead to a “substantial lessening of competition” in the sector. However it received unconditional clearance from […]
Connect Group has seen its annual profit collapse by more than 200% after a calamitous period, which saw its one time star-performer Tuffnells lose its way and attempts to restructure the group hit the wall.
A growing customer base and increased network capacity drove growth at Tuffnells in the year to 31 August 2016 results, underpinning a successful performance for owner Connect Group.
The MD of Tuffnells Parcels Express has said the company takes any instances of non-compliance with the drivers’ hours rules very seriously after three of its drivers admitted falsifying tachograph records.