DX Group’s turnaround plan, which was backed by investors to the tune of £4.76m in May, remains on course with the embattled operator set to trim losses in its current financial year. In a trading update released today (18 July), the operator’s newly installed management led by CEO Lloyd Dunn, said the plan to get the business back on its feet was “progressing steadily”. “The directors expect the group to meet market expectations for the full year (to 30 June), […]
Lloyd Dunn has been appointed CEO of DX Group, which has secured £24m from investors to get the business back on track.
DX Group delivered an improved performance in the second half of its trading year, but this wasn’t enough to offset the damage done earlier on, the operator said today.
The Identity and Passport Service (IPS) has renewed its passport delivery contract with DX Group. The firm will continue to provide secure delivery of UK passports, supporting documents and internal mail for the IPS, a contract it has held since 2004. Since the secure delivery contract began, the firm has reduced losses by 96% and investigation rates have fallen by 74%. It has also been recognised by the Home Office for helping it to save £3.2m in the 2011/12 financial […]