The Halcyon Tankers division of Hargreaves Logistics has been sold for an undisclosed sum to a team of former Hargreaves directors. The team includes Andrew Spence-Wolrich, former Hargreaves Logistics MD. The deal sees Halcyon MD Ian Elliott, Spence-Wolrich and Nigel Barraclough, who was MD of Hargreaves Services between 2011 and 2015, become owners of the haulage company, which specialises in transporting petroleum and bulk chemicals across the UK from its base in Port Clarence, Middlesbrough. Elliott will continue as MD […]
The management team of Halcyon Tankers is planning to double the size of the firm this year after buying the company from Hargreaves Logistics.
Last week, Dart Group revealed a near to 13% pre-tax profit rise for its transport operation, Fowler Welch. Off the back of this, which saw profit climb from £3.9m to £4.4m for the year ended 31 March 2013 at Fowler Welch, its group share price has continued to move northwards, today leaping to £2.40, up from £2.14 last week.
Hargreaves Services’ transport division, Hargreaves Logistics, saw both turnover and operating profit increase in the first six months of the current financial year.