Eddie Stobart.

[skwdenyer]

Europa1 said:

wivenhoe said:

pavarotti1980 said:

Surely the Stobart Group is big enough to absorb this? Air and Rail freight business too.

Unless of course they are struggling

They split the business - the air & rail sit in a totally different company.

Indeed; the whole point of limited companies and group structures - the ability to ring fence discrete parts of a business so that (hopefully) failure of one does not affect others.

Stobart Group sold off most of Eddie Stobart Logistics when they floated it. It went private for a while, then re-floated. Stobart Group own about 10% of it now.

[skwdenyer]

loafer123 said:

Countdown said:

Mammasaid said:

Just Google Andrew Tinkler

So was Tinkler right?

Maybe. Or maybe the problem dates from when he was in charge.

When he was in charge he sold off the trucking business. This news relates to the trucking business that’s now entirely separate.

[Cold]

"Teetering on brink of collapse"

https://www.theguardian.com/business/2019/dec/05/e...

[C&C]

Cold said:

"Teetering on brink of collapse"

https://www.theguardian.com/business/2019/dec/05/e...

... and looks like narrowly avoided it for now.

[Digga]

skwdenyer said:

loafer123 said:

Countdown said:

Mammasaid said:

Just Google Andrew Tinkler

So was Tinkler right?

Maybe. Or maybe the problem dates from when he was in charge.

When he was in charge he sold off the trucking business. This news relates to the trucking business that’s now entirely separate.

I remember, back in the day, reading an article about the firm in the business pages of the Sunday Times. The line "sell and lease back" said it all to me. An old, long standing business has suddenly switched direction.

These days, I gather their drivers are a laughing stock now. It's a running joke in the industry.