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Tuffnells, UK Logistics Giant, Enters Administration

Tuffnells, a prominent logistics enterprise in the UK, has entered administration, resulting in the unfortunate loss of employment for the majority of its 2,300 workers and posing a significant threat of disruption to numerous businesses reliant on its services.

 

Tuffnells, UK Logistics Giant, Enters Administration f
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Today (12 June), Rick Harrison and Howard Smith from Interpath Advisory were designated as joint administrators for Tuffnells Parcels Express Ltd.

With its headquarters located in Sheffield and a network of 33 depots spread across the country, Tuffnells specialises in the distribution of diverse freight, particularly emphasizing its proficiency in handling large and unwieldy items.

As a privately-owned company, Tuffnells conducts deliveries both domestically and internationally, overseeing the logistics for over 160 destinations worldwide.

In 2020, the business transitioned back to private ownership after being acquired by Palm Bidco Ltd from Connect Group. However, various challenges have since impacted its trading activities, including the repercussions of the COVID-19 pandemic, escalating costs, and intensifying competition within the market.

In recent weeks, the company’s financial situation necessitated the pursuit of additional financial assistance. After exploring several alternatives, the directors made the difficult decision to appoint administrators to oversee the company’s affairs.

Rick Harrison, managing director at Interpath Advisory and joint administrator, said:

“Tuffnells is one of the UK’s most recognisable logistics companies, providing delivery services to over 4,000 businesses across the UK under its ‘The Big Green Parcel Machine’ brand.

Today’s news will be particularly devastating for Tuffnells’ 2,200 dedicated employees. Regrettably, with deliveries suspended and with no prospect of them resuming in the immediate term, we have had to make the majority of staff redundant.

Our utmost priority will be to provide all those impacted with every support they need in making claims to the Redundancy Payments Office and minimising disruption to customers.”

Howard Smith added: 

“Customers are advised that all transport hubs and depots have been closed until further notice. Our team will be making contact with customers over the coming days to arrange parcel collection.”

Source www.insidermedia.com

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Owain Griffiths

Owain Griffiths

Head of Circular Economy at Volvo Cars

Owain joined Volvo Cars in June 2021 to lead Circular Economy in the Global Sustainability Team. The company has committed to being a circular business by 2040 and has financial, recycled content and CO2 based targets for 2025, all of which Owain is working across the company to make happen. Owain previously worked for circular economy consultancy Oakdene Hollins where he advised businesses on evidence led circular economy implementation. 

Turning into a circular business and the importance of vehicle reuse and recycling.

The presentation will cover the work Volvo Cars is doing to achieve 2025 but mainly focus on the transformational work towards 2040 and the business and value chain changes being considered. Attention will be paid to the way vehicles are being dealt with at the end of life and the complexities of closing material and component loops. Opportunities and challenges which Volvo Cars is facing will be presented including engagement with 3rd parties and increasing pressure from stakeholders.

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