Tuffnells has announced a new board of directors amid an expansion drive following a successful year since being sold by the Connect Group last May. At that time, Tuffnells was making losses of around £14m on annual revenues of £164m but returned to profit just six months after the management buyout. The Sheffield-based firm was acquired for £15m, six years after Smiths News Group had paid £100m for it in 2014. Chris Tresadern has been promoted to the role of […]
Like hauliers, truck dealers are consolidating, getting bigger, and widening the range of services they offer. Dealers no longer just sell trucks; they are increasingly taking on the vehicle repair and maintenance as more operators close their fleet engineering departments and rely on dealers for their R&M and other technical support. Rygor Commercials is a good example of this trend. The UK’s largest Mercedes-Benz franchise following its takeover of Mudie-Bond last year, Rygor’s territory now covers much of central southern […]
Connect Group saw its revenue climb 0.2% in the 20 weeks to 21 January 2017 with it parcel freight division leading the way.