Chilled food distributor NFT Distribution Holdings, which is part of the EV Cargo group, is looking for a buyer after reporting losses of over £30m. NFT Distribution Holdings, which employs 1,900 staff and counts Sainsbury’s as one of its major customers, was acquired from private equity firm Phoenix Equity Partners by what was then Emerge Vest in 2014 in a deal valuing the company at £60m. The move emerged just days after joint MD Mel Brockhouse resigned from the company. […]
Roanza, the Mercedes truck dealer that entered into administration last month, had been racking up losses for several years, according to insolvency practitioners.
Fred Sherwood & Sons (Transport) saw revenues grow by 2% to £34.6m last year, but the bulk haulage firm said Covid-19 had since had an adverse impact on the business.
Eddie Stobart Logistics has seen its push around manufacturing, industrial and bulk (MIB) pay off handsomely, with the segment now its biggest turnover contributor, the firm said today (10 April).