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 national distribution centre gets go-ahead but local opposition calls for government veto
Eddie Stobart Logistics’ plans to build a £75m national distribution centre on green belt land at Appleton Thorn has won the backing of Warrington Borough Council but local councils opposed to the scheme are calling on the Secretary of State to veto the decision.
Eddie Stobart CEO Alex Laffey is mulling a rebrand of the logistics firm’s 2,500 strong fleet, which could even see the iconic name disappear from Britain’s roads.
Andrew Tinkler, former boss of Eddie Stobart, is putting together a £75m rescue bid for ailing Eddie Stobart Logistics (ESL), according to reports.