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. Investors will vote on whether to accept the deal tomorrow (6 December) and the Daily Telegraph claims ESL’s holding company will be put into administration if an agreement cannot be reached. DBAY’s proposal includes a £55m high-interest loan in exchange for DBAY taking a majority stake. But in […]
BCA Automotive, formerly Stobart Automotive, is now responsible for one in five finished vehicle movements in the UK, according to a statement issued to investors today.
Never mind if you can’t read, download or browse Motor Transport on your commute to and from work – you can now listen to it! Subscribe on iTunes to our new, regular podcast to hear our journalists discuss and debate the hot news of the past week. In our launch edition we talk about the level of Driver CPC compliance, Boris Johnson and the new London safer lorry scheme. We also discuss Eddie Stobart Logistics and the return to the […]