Connect Group’s CEO and CFO are to leave the business and its Pass my Parcel network will be closed, following a grim trading update that laid bare significant challenges at Tuffnells. The update said that the group’s performance in the third quarter had been “extremely disappointing”, and Connect had consequentially “materially reduced” its pre-tax profit forecast for the full year. A difficult peak period for express parcels carrier Tuffnells contributed to this, it added. Back in May speaking about its […]
Connect Group has continued to enjoy growth in the first half of its trading year driven by its acquisition of Tuffnells Parcel Express in 2014.
Connect Group saw its revenue climb 0.2% in the 20 weeks to 21 January 2017 with it parcel freight division leading the way.
Tuffnells Parcels Express MD Chris Ward is leaving the business following its integration within parent company Connect Group.