DX buys up in wake of Business Direct collapse
DX picks up businesses from administrators BDO Stoy Howard after the collapse of the Business Direct group
DX picks up businesses from administrators BDO Stoy Howard after the collapse of the Business Direct group
Independent mail and courier company
DX
Group has acquired the trade and assets of the In Night and ParcelXchange
operations from
BDO
Stoy Howard, the administrators of the Business Direct Group courier service
business.
Business Direct has gone into administration with the loss of 70 jobs, after
its £1.25m cash call in June last year failed to keep it afloat, The
Times reports.
Mike Stone, DX chief operating officer, said the company planned to keep on
the 80 people employed in In Night and ParcelXchange divisions but the rest
would lose their jobs. ‘For DX, high oil prices don’t have a huge impact,’ he
said. ‘Our locker system means we are less reliant on fuel than other delivery
companies.’
DX is targeting the direct-to-consumer market, in which customers pick up
purchases from secure lockers rather than rely on deliveries.
Further reading:
E&Y sounds death knell for Amtrak
The numbers you crunch tell a story. Your expertis...
16yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThis follows an investigation into undisclosed personal loans and issues with an acquisition. Despite challenges, the company aims to achieve £1bn in ...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThere is optimism that the IPO market will rebound in the second half of 2024, driven by pent-up demand and potential improvements in economic conditi...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleKPMG confirms reappointment of it's UK chair, while EY announces Janet Truncale as the next EY global chair and CEO Read More...
View articleThe ICAEW has announced the appointment of its forthcoming chief executive Read More...
View article