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All Operator news articles – Page 224
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Auditor picks at Birds Groupage Services' figures
Birds Groupage Services' auditor has raised concerns over the future of the loss-making company.Auditor RSM Northern Ireland's concerns were raised in the operator's latest abbreviated annual results to 30 September 2015.Despite parent company Ballyvesey Holdings' waiver of a £4m intercompany loan in the period, the haulier made a loss of ...
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DHL staff offered redeployment as BHS contract terminates
DHL Supply Chain’s long-standing distribution contract with BHS will end on 6 August, the operator has confirmed, after the collapse of the high street retailer. The operation, based at DHL’s Atherstone site, employed more than 300 DHL staff members and had been in effect for more than 20 years.In a ...
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ArticleMoney for HGV driver training would stimulate the economy, says Clugston boss
The government should stimulate the economy by creating a quantitative easing programme for people rather than banks, according to Clugston Group CEO Stephen Martin.Speaking to Motortansport.co.uk this week about the annual results for Clugston’s logistics arm, Clugston Distribution Services, Martin expressed frustration at the lack of government financial support for ...
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Hellmann Worldwide Logistics's future secured
Hellmann Worldwide Logistics appears to be out of the woods after its German parent company completed its delayed refinancing exercise.The parent company has been in protracted negotiations with 11 funding partners to refinance a €159m (£125m) loan, which makes up 40% of the group’s total loans, for more than a ...
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AM Widdowson & Son remains on the road after pre-pack administration
A pre-packaged sale of Leicester transport firm AM Widdowson and Son was the culmination of a torrid two years that included the loss of contracts, under-estimated fuel costs and management systems that were not fit for purpose.The company entered into administration on 6 July (CM 21 July) after falling into ...
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Howard Tenens sees profit grow in light of UK warehousing shortage
A shortage of warehousing space in the UK boosted Howard Tenens’ turnover and pre-tax profit in its last economic year, due to the operator’s significant property holdings and an increase in demand. For the year ended 30 September 2015, Howard Tenens saw its pre-tax profit rise 52% to £5.1m (2014: ...
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Wincanton reassures employees and investors in wake of Brexit vote
Wincanton has said it is ready to tackle any changes in legislation or the economic climate Brexit might have on the industry.Speaking at the company’s AGM in London today, Wincanton chairman Steve Marshall said the board would be closely monitoring the situation “as the political and economical consequences become clearer”.However, ...
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HW Coates sees turnaround plan start to deliver
A turnaround plan at HW Coates has borne fruit with both turnover and profit up at the chemicals logistics specialist.The profit rise, which was boosted in part by the introduction of new accounting standards under FRS102, was revealed in the company’s latest annual results posted in Companies House.Leicester-based HW Coates ...
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John Hackling (Transport) sees profit almost halve
John Hackling (Transport) saw pre-tax profit fall 45% last year, according to its latest annual results.The results for the year to 30 September 2015 posted at Companies House, show that despite a rise in turnover to £13.8m (2014: £13.1m), pre-tax profits fell to £737,054 (2014: £1.03m).John Hackling, which specialises in ...
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Guardian investigation into courier pay is "disingenuous", says Hermes
Hermes has disputed claims that it pays its couriers less than the minimum wage, after an investigation by The Guardian suggested some of the carrier’s self-employed workers earn as little as £5.50 an hour. The article cites numerous Hermes couriers who earn between £5.50 and £7.30 per hour, although this ...
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BCA Marketplace buys Paragon Automotive for £105m
BCA Marketplace has hit the acquisition trail once more, snapping up automotive services group Paragon Automotive for £105m.The move brings BCA one step closer to its goal to become the UK’s leading one-stop shop for automotive services for OEMs, dealers and leasing companies.The acquisition of Paragon comes just one year ...
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NFT Distribution buys NR Evans for £20m
NFT Distribution has acquired Carmarthenshire-based NR Evans in a deal that values the temperature controlled specialist at approximately £20m.It is the third acquisition in the UK by NFT owner EmergeVest.The Hong-Kong private equity investor bought NFT in April 2014 and Palletforce in August 2015 and MD Heath Zarin said it ...
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ArticleLloyd Fraser says trading conditions are volatile despite strong performance
Lloyd Fraser has warned that current trading conditions are challenging, but added it was too early to say what impact Brexit might have on its future performance.Reporting its annual results for the year to 31 August 2015 at Companies House, the Rugby-based firm revealed a 31% rise in pre-tax profits ...
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Administrator revises up the amount City Link creditors are due
City Link’s administrator has revised up the amount it believes non-preferential creditors are owed by the collapsed parcel carrier.However, it said it is still waiting to hear from creditors that are owed a total of £12.8m that have not submitted a claim.As of 24 June non-preferential creditors had made claims ...
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ArticleSwain Group snaps up Jeffrey's Haulage
The Swain Group has purchased Derby-based Jeffrey’s Haulage for an undisclosed sum.The Kent-based group, which includes R Swain & Sons and the recently purchased Gatwick Plant, acquired the asset, vehicles, workshops and business of Jeffrey’s Haulage in a deal that completed on Friday (15 July).Jeffrey’s operates from a 16.5 acre ...
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AM Widdowson & Son placed into administration
Leicester freight transport business AM Widdowson & Son has gone into administration.Insolvency practitioners at Leonard Curtis were appointed to the company on 6 July, shortly after it had undergone a change of name to Loglecdissol.The company had been subject to a CVA since July last year that meant it had ...
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ArticleJersey Post buys Fraser Freight in one of "most challenging years" to date
Jersey Post has bought Portsmouth haulier Fraser Freight, after what the carrier described as one of its “most financially challenging years” to date. The postal operator said that the acquisition was a move to open new revenue streams, off the back of the declining letters market.Since 2007, Jersey Post’s letter ...
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Profit up 18% at DHL Supply Chain
DHL Supply Chain continued to improve its profitability in the UK, with pre-tax profit up 18% year-on-year in the most recent set of results filed at Companies House, despite a turnover drop resulting from the renewal of its NHS Supply Chain contract.For the year ended 31 December 2015 turnover at ...
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DPD pick your own delivery slot service begins
DPD has started offering its new service Precise, which allows customers to select their own hour delivery slot. The service, which DPD spoke to Motortransport.co.uk about at the beginning of the year, has been launched in conjunction with online fashion retailer Asos, whose customers are the only ones the new ...
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Lee Nichols takes the reins at Bedfords Group
Leeds-based Bedfords Group has appointed Lee Nichols as its new MD.Nichols replaces Steff Pfadenhauer following a restructure focused on “succession planning to deliver future aspirations and continued development of both organic and acquisitive business growth”.Pfadenhauer remains as CEO and a member of the board of directors. He will take an ...