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 […]
Palletways Group has been bought by South-African group Imperial Holdings in a transaction worth £163m.
WH Malcolm saw pre-tax profits rise by more than half last year but warned that the Covid-19 pandemic will have an adverse impact on the company’s performance this year, despite a strong performance from its logistics division in the food and drink sector during lockdown.