From 1 January, standard O-licence holders will be required to demonstrate an increased level of financial facilities, after the drop in the value of value of the pound following the EU referendum. Both new applicants and existing operators will be required to demonstrate £7,950 (previously £7,850) for the first HGV and £4,400 (previously £4,350) for each additional vehicle they wish to be added to their O-licence. The financial standing requirement for restricted O-licence holders will remain the same at £3,100 […]
NWF Group, parent of Boughey Distribution, has recruited Brendon Banner as its new group finance director. Banner, who will take up his role in early November, is currently group finance director at steel engineering and fabrication group William Hare. He replaces Jonathan Ford, who is leaving NWF at the end of September to take up the role of chief financial officer at HomeServe. Earlier this month NWF reported that Boughey Distribution has seen turnover fall by £2.2m after the loss […]
DX Group’s new management team said last week that its turnaround strategy was gathering pace at the embattled business.
An operator has urged the industry to fight the increase in business rates after discovering he will face a £28,000 hike.