Speedy Freight’s performance accelerated in the year that Eddie Stobart Logistics bought 50% of the express courier, new accounts show. Puro Ventures, which trades as Speedy Freight, recorded turnover growth of more than 8% to £18.3m (£2016: £16.9m) in the year to 30 November 2017. The company is structured around a regional franchisee model, with independent couriers working under the parent company’s patronage with access to its marketing and technology. It does not hold an O-licence itself, according to official […]
Stobart Group’s plans to partially divest its transport business, creating a new private company Eddie Stobart Logistics, has received the backing of shareholders at a general meeting today.
Eddie Stobart Logistics (ESL) has received a “highly preliminary expression of interest” from former boss Andrew Tinkler who ran the company for a decade until 2014. The move comes only days after ESL revealed it had received a separate takeover bid from one of its current shareholders, Dbay Advisors. Dbay bought 51% of the ESL business from Tinkler five years ago. It is understood Tinkler is interested in participating in a refinancing of ESL which could involve a takeover bid. […]
Soft drinks manufacturer Britvic is switching its entire UK transport requirement back to Eddie Stobart, just over a year after signing up Wincanton to deliver as part of a five-year deal, MT can reveal.