Eddie Stobart Logistics (ESL) may be forced to seek a new injection of capital to ease investor concerns over mounting debts, an equity analyst has told motortransport.co.uk The company shocked investors last week when it suspended trading in its shares and announced CEO Alex Laffey was to step down. It has since also been revealed that ESL made it difficult for auditor KPMG to obtain “sufficient audit evidence” as it tried to compile the company’s annual accounts. This prompted the accountancy […]
Eddie Stobart Logistics saw its turnover and profit grow in its first full trading year under the majority ownership of private equity firm DouglasBay Capital, despite what it described as difficult trading conditions in its core markets.
Eddie Stobart Logistics lines up Deloitte for potential administration ahead of crunch shareholder vote on its future
Troubled 3PL Eddie Stobart Logistics (ESL) is reported to be lining up accountancy firm Deloitte to prepare it for insolvency if shareholders reject a rescue package from private equity firm DBAY Advisors.
Supermarket giant Tesco has appointed Andrew Woolfenden as its new UK distribution director, following the naming last week of former incumbent Alex Laffey as chief executive of Eddie Stobart.