Eddie Stobart Logistics (ESL) achieved a major milestone in 2018 as it spent big on transforming itself into an end-to-end transport supplier with turnover, profit and debt surging as a consequence. The company went on a buying spree following its listing on the Alternative Investment Market in 2017. It said its acquisitions: iForce, The Pallet Network (TPN), The Logistic People and Speedy Freight, had all performed strongly. This, with contract wins worth £162m on an annualised basis and growth via […]
Wincanton confirms details of Aggregate Industries contract win as it replaces Eddie Stobart Logistics
Wincanton has confirmed that it has taken over the Aggregate Industries (AI) Concrete Products Division work from Eddie Stobart Logistics (ESL), as exclusively revealed by mototransport.co.uk last month.
Arundel-based events logistics experts RT Page has joined The Pallet Network (TPN) covering parts of the GU and BN postcodes as part of a strategy to develop its domestic haulage business.
Lenders to Eddie Stobart Logistics (ESL) are understood to have recruited advisers to help negotiate a potential financial restructuring of its £155m net debt position. Sky News claims lenders have called in Alverez & Marsal, a global professional services firm notable for its work in turnaround management and performance improvement for high-profile international businesses such as Lehman Brothers and Arthur Andersen. Lenders are demanding answers after ESL failed to publish half-year results amid ongoing investigations into accounting irregularities. The news […]