Clipper Logistics

06 May

2014

Do you do business in your region? Sign up to our daily bulletin to keep up-to-date.

Environment

Leeds’ Clipper Logistics announces IPO

Posted by on 06 May 2014

Leeds-based logistics firm Clipper has announced its intention to proceed with an initial public offering of ordinary shares to investors.

The group, founded by Steve Parkin in 1992, is a providers of value-added logistics solutions and e-fulfilment to the retail sector in the United Kingdom, with an expanding business in Germany. 

The firm reported that adjusted EBIT for the year ended April 30 2014 is estimated to have been £9.6 million, an increase of 10.3% on the year before. 

The Group provides consultancy services within the online fashion and non-food sectors to its blue chip client base including ASOS, The John Lewis Partnership, Asda, SuperGroup, Morrisons, New Look and Tesco.

Steve Parkin, executive chairman of Clipper said: "We have built a strong position in e-fulfilment and UK retail logistics over the last 21 years. 

"By leveraging the strength of our customer proposition and focus on customer service and innovative new products, we have been able to deliver organic growth and an IPO is the next logical step to support our ambitious growth plans. We are extremely excited about this next phase in the Company’s development.

"The IPO is the next landmark in the exciting development of Clipper, providing a platform for management to accelerate growth. I look forward to continuing my journey with Clipper, working with the Board, management and shareholders."

Read more in these areas:

#Yorkshire & The Humber #logistics #sales
Sponsored Content
North East car dealership launches major rebrand

Sunderland based car dealership, Town Centre Automobiles has undergone a…

Develop the expertise your company needs with higher and degree apprenticeships at Teesside University

Investing in leadership and management is something that no business…

CIM launches ‘North East Marketing Greats’ with region’s top marketers

Fifty of the North East’s leading marketers are backing a…

North East LEP careers lead named Career Educator of the Year

The North East man helping to transform the quality of…

Sponsor your content →