Connect Group is set to complete a £9.9m deal with property firm Urban Logistics for the sale and leaseback of six of Tuffnells’ depots, in a move aimed to cut the company’s debt. The six depots are located in Andover, Coventry, Leighton Buzzard, Newport, Perth and Plymouth. Connect’s original aim to sell the entirety of Tuffnells’ property portfolio of 37 depots had to be scaled back this summer after it failed to find a buyer. This latest deal is part […]
Tuffnells owner Connect Group is to sell its care and education division in order to focus on the growth of its parcels and news services.
Tuffnells has seen a significant increase in consignments for medical products and healthcare supplies as it continues to deliver vital items to essential businesses and services dealing with COVID-19.
Tuffnells owner Connect Group has put property valued at up to £35m on the market as it revealed that it was targeting second half return to profitability for its irregular freight business.