BusinessCompany NewsDX buys up in wake of Business Direct collapse

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

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

Read
The Times story

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