Hilary Devey’s HLD Holdings dogged by mounting losses at Pall-Ex subsidiaries in 2018


 

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 […]