Tuffnells Parcels Express reports 16% revenue rise in first eight months after MBO


 

Sheffield-based Tuffnells Parcels Express saw a 16% revenue boost in the first eight months following its management buyout, according to its latest financial results. The management team bought Tuffnells Parcels Express – known as The Big Green Parcel Machine after its fleet of 1,200 green trucks – for £15m in May 2020, just six years after Smiths News Group had acquired the firm for £100m in 2014. The buyout was prompted by the company experiencing years of poor performance under […]