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 Group is now moving more pallets by volume through its partners in continental Europe than in the UK, according to its boss.
Pall-Ex is set to buy Fortec in a move which will see a major consolidation of the pallet network sector.
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.