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, […]
DX Group has issued a profit warning, citing the shortage of HGV drivers as a key factor in driving up costs.
DX Group has won a new, four-year secure delivery contract with the Home Office but the firm’s plans to build a new Midlands superhub face further delay.
The deal that would have see DX Group acquire Menzies Distribution has been called off, and a new board of directors is set to be installed at DX under the guidance of its largest shareholder – Gatemore Capital Management.