Lloyd Dunn has been appointed CEO of DX Group, which has secured £24m from investors to get the business back on track. Former Tuffnell’s chief executive Dunn has put £5m into the business in the form of a loan note. DX Group’s largest shareholder Gatemore Capital Management has put forward £11m, including the £2m unsecured loan that was announced last month, and Hargreaves Hale £7.5m, all in the form of loan notes. The loan notes can, subject to shareholder approval, […]
The extraordinary general meeting called for by a DX Group shareholder has been cancelled after the delivery company announced its intention to buy Menzies Distribution.
DX Group has sold five of its properties and taken a loan from its biggest shareholder to pay back a bank loan.