NewsTuffnells, parcel delivery firm for Wickes and many others, collapses

[wallan]

https://www.morningstar.co.uk/uk/news/A ... apses.aspx

More than 2,000 staff will be made redundant after Sheffield-based delivery firm Tuffnells Parcels Express fell into administration.

The firm has appointed joint administrators at Interpath Advisory after failing to secure funding in recent weeks.

The majority of Tuffnells's 2,200 employees, working across its 33 UK depots, will be made redundant, Interpath said.

Just 128 staff have been retained.

There will also be about 500 contractors who are set to be affected.

Transport hubs and depots at Tuffnells, which delivers large and bulky goods to more than 4,000 businesses across the UK, including retailers Wickes Group PLC and Evans Cycles, will be closed until further notice.

It operates in more than 160 destinations worldwide – meaning the collapse is set to cause disruption for global businesses awaiting parcels.

Consumers may also face delays for deliveries like furniture or bikes as a result of the disruption to retailers.

Tuffnells has been under pressure since it was taken into independent ownership in 2020, hit by Covid-19 pressures, rising costs and increased competition, administrators at Interpath said.

The "highly competitive nature" of the UK parcel delivery market intensified pressure on the company's cashflow. It had been seeking additional financial support in recent weeks before deciding to appoint administrators.

Richard Harrison, the managing director at Interpath Advisory and joint administrator with Howard Smith, 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.

"Unfortunately, the highly competitive nature of the UK parcel delivery market, coupled with significant inflation across the company's fixed cost base in recent times, has resulted in the company experiencing intense pressure on cashflow.

"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."

Interpath said it will be contacting business customers in the coming days to arrange for them to collect parcels from the shutdown sites.

Royal Mail-owner International Distributions Services PLC and DX Group PLC, both competitors of Tuffnells, were up 1.0% and 2.0%, respectively, on the London Stock Exchange on Monday afternoon.

Last week, DX said it had reached a settlement with Tuffnells over a legal claim by Tufnells in relation to confidential information being obtained by DX in the past in exchange for an offer of payment.

[grchpo]

There was no problem when they delivered mine last week

[noggin1969]

https://motortransport.co.uk/blog/2023/ ... istrators/

[Clappedoutpostie]

Got a friend who worked for them for abit. The story’s he told me made RM sound highly organised.

[wallan]

Looks like Tuffnells Parcels are having Problems

Over 2000 Redundent

[cantonkid1955]

No s**t Sherlock

[cantonkid1955]

Unfortunately, the highly competitive nature of the UK parcel delivery market, coupled with significant inflation across the company’s fixed cost base in recent times, has resulted in it experiencing intense pressure on cashflow.”...coming to a mail centre ,parcelforce depot near you .

[SpacePhoenix]

The parcels they delivered sound like the sort of size that PF deliver so I wonder if PF will get some of them contracts and PF in turn offload some contracts to RM

[77SAMPOST77]

The parcels they delivered sound like the sort of size that PF deliver so I wonder if PF will get some of them contracts and PF in turn offload some contracts to RM

Possibly there will be more work for Parcelforce ,
But there will be no need to offload contracts to RM as it all will be integrated soon anyway ,

Parcelforce staff have already ordered the new red uniform to match Royal Mails and that is available to wear in August .

[ted_e_bear]

The parcels they delivered sound like the sort of size that PF deliver so I wonder if PF will get some of them contracts and PF in turn offload some contracts to RM

Yeah maybe, they have/had contracts to deliver bigger stuff like bikes so pf could definitely accommodate that part of the business.

[SpacePhoenix]

The parcels they delivered sound like the sort of size that PF deliver so I wonder if PF will get some of them contracts and PF in turn offload some contracts to RM

Possibly there will be more work for Parcelforce ,
But there will be no need to offload contracts to RM as it all will be integrated soon anyway ,

Parcelforce staff have already ordered the new red uniform to match Royal Mails and that is available to wear in August .

Whe it does get integtarted you'll essentially have 3 "competing" products.

* Exsiting PF
* RM SD
* RM Tracked

1, maybe 2 of them products is probably going to get axed when RM and PF are merged together.

Some parcels that PF currently deliver will be too large to be delivered by existing RM DOs and won't be suitable for transport in the existing RM network

[77SAMPOST77]

The parcels they delivered sound like the sort of size that PF deliver so I wonder if PF will get some of them contracts and PF in turn offload some contracts to RM

Possibly there will be more work for Parcelforce ,
But there will be no need to offload contracts to RM as it all will be integrated soon anyway ,

Parcelforce staff have already ordered the new red uniform to match Royal Mails and that is available to wear in August .

Whe it does get integtarted you'll essentially have 3 "competing" products.

* Exsiting PF
* RM SD
* RM Tracked

1, maybe 2 of them products is probably going to get axed when RM and PF are merged together.

Some parcels that PF currently deliver will be too large to be delivered by existing RM DOs and won't be suitable for transport in the existing RM network

They are possibly looking at a complete merger where they open new parcel depots where they will have all van types together and all parcels and letters arrive there .

A lot of rm offices are outdated and are too small to handle parcels , A lot could be sold off .





This makes sense because RM offices are too small to handle parcels anyway

[NWpostie]

Like super hubs no doubt located in an out of town industrial estate.

[NWpostie]

***Double post***