Tuffnells returns to profit six months after MBO


 

Tuffnells has returned to profit just six months after being bought by the firm’s management team in May this year. Dubbed ‘The Big Green Parcel Machine’ after its fleet of 1,200 green trucks, the Sheffield-based firm employs 2,300 staff and specialises in delivering mixed freight and items of irregular dimension and weight (IDW). When it was sold by Connect Group in the midst of the Covid-19 pandemic lockdown the company was making losses amounting to around £14m on annual revenues […]