Yodel made a pre-tax loss of £82.5m in its most recent financial year, which is the parcel operator’s biggest loss since 2013. The Barclay brothers-owned business has never managed to turn a profit, but for the year ended 30 June 2017 Yodel’s pre-tax loss leapt 64% compared with its loss of £50.4m in 2016. Its newly published accounts also reveal a drop in turnover of 3% year-on-year to £409.8m (2016: £422.7m). Former CEO Mike Cooper, who left the business in […]
A reliance on agency staff and hire vehicles at CS Ellis to meet an increase in work dented the operator’s annual profit, newly published accounts show.
Neil Lloyd, chief executive of loss-making delivery firm Yodel, has stepped down.
BCA Marketplace, which owns WeBuyAnyCar.com, paid £16m in cash for Eddie Stobart’s automotive logistics business when it purchased it earlier this year.