Business Post signs agreement with the Administrators of NCN

Business Post, the UK’s leading independent express delivery company, has signed an agreement with the Administrators of NCN Limited (“NCN”), which runs a national network of independent express parcel delivery firms and which went into administration yesterday. In the year ended 31 May 2003, NCN had an audited turnover of £25.2 million.

The agreement gives Business Post access to NCN’s centrally-serviced customers and its network members. Business Post proposes to agree terms with some of the network members to deliver consignments into Business Post’s depots, for final delivery by Business Post (hitherto, network members have been responsible for both collection and delivery). The consideration for the agreement is modest, and dependent upon the retention of NCN’s customers and members, on a turnover-related basis. At this stage, it is not possible to quantify how much turnover may be retained by Business Post.

Enquiries:

Business Post Group plc
Paul Carvell (Chief Executive) 0121-335 1111
Peter Fitzwilliam (Finance Director) 01753-706 070
Alec Ross (Director) 0121-335 1111

Bankside Consultants Limited
Charles Ponsonby 020-7444 4166

BUSINESS POST TAKES ON PARCELS NETWORK
PA News, p 1 12-23-2004
By PA City Editor By Graeme Evans

Business Post boosted its Christmas workload today by offering to complete deliveries hit by the collapse of a network used by 100 courier firms.

The parcels group, which is one of the largest delivery companies in the UK, said it would allow members of the NCN network to deliver consignments into its depots for final delivery by its staff.

The move comes after an agreement was signed yesterday between Business Post and the administrators of NCN, which runs a national network used by individual firms.

The deal will give Business Post access to NCN’s customers and network members, although it will be up to the firms if they want to take part.

NCN, which is based near Birmingham, was set up in 1989 and provides a means for local courier companies to complete nationwide deliveries.

As part of today’s agreement, NCN members will deliver parcels into Business Post depots for final delivery by the company.

The Slough-based group, which floated on the stock exchange in 1993, recently played a part in the end of the domestic postal monopoly when its UK Mail division became the first company to be given access to the Royal Mail network.

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