Mounting losses of £1.7m accrued by Pall-Ex’s three haulage subsidiaries – Shears Brothers (Transport), Intercounty Distribution and Pall-Ex London – “constrained” HLD Holding’s performance last year, according to its latest annual results. HLD Holdings, which is owned by entrepreneur Hilary Devey, sold Pall-Ex to its management and network members for an undisclosed sum in October this year. Reporting its annual results to 31 July 2018, the group posted a pre-tax profit of £411,000, up from a loss of £1.1m in […]
Pall-Ex has appointed a new network development director who will be tasked with building its Fortec membership in locations across the UK.
Pall-Ex has appointed Kevin Morley as operations director, the first senior appointment since Cris Stephenson was named UK managing director of the pallet network.
Pall-Ex is to extend its Iberian network’s coverage to include the Canary Islands. Pall-Ex Iberia, which is celebrating its first anniversary, operates across Spain, Portugal and the Balearic Islands from a hub in Madrid. It has 33 haulier members and in its first year handled over 100,000 pallets. Enric Estruch, MD of Pall-Ex Iberia, says: “We are now in a position to start operating in the Canary Islands, which opens up a host of further possibilities for us.” Last month […]