The German parent company of logistics firm Hellmann Worldwide Logistics has pledged to back its UK division until “at least” September 2020, after the Lichfield-based firm saw its operating loss almost double last year. According to its latest annual results for the year to 31 December 2018, the company saw its operating loss swell to £2.4m (2017: loss of £1.7m). This was despite turnover rising to £75.6m (2017: £74.9m), which the company attributed to its contract logistics division moving from […]
Nagel Langdons is predicting a 10% permanent trading loss this year as it continues to feel the reverberations from the UK’s departure from the European Union and the Covid-19 pandemic.
Menzies Distribution has secured a new £14m term loan with Royal Bank of Scotland.