Tag: Business Post

Red letter day for MSPS' mail

Posted by | Jun 28, 2003 | |

The Scottish Parliament has scrapped controversial plans to privatise its internal postal system after an outcry from MSPs. The service, which is currently operated by the Royal Mail, is instead to be taken over by the parliament itself. The existing Royal Mail employees working at the parliament will be offered the chance to stay on and become part of the parliament’s own staff. There were widespread protests earlier this year when it was claimed an English firm, Business Post, based in Slough, was poised to win the GBP 1 million contract to deliver MSPs’ mail.

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Business Post's UK Mail granted long-term licence by Postcomm

Posted by | Jun 12, 2003 | |

Business Post Group PLC said its unit UK Mail Ltd has been granted by Postcomm, the independent postal industry regulator, a long-term licence to provide postal services for business customers. The licence, which is for a minimum period of seven years, permits UK Mail to undertake collection, sorting and national distribution of business mail, with Royal Mail undertaking the final delivery.

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UK Business Post lines up major takeover

Posted by | May 21, 2003 | |

Birmingham-based Business Post is in the final stages of acquiring a Midlands-based logistics company. Chief executive Paul Carvell, speaking as the company reported bumper annual profits, would not be drawn on the name of his target. But he confirmed the deal would be a large one for Business Post, require the ungeared company to take on debt and involve a Midlands-based company with a national coverage of ‘complementary’ services to the business parcel, courier and fledgling mail services offered by his company. While Business Post ran an eye over mail operations of Hays Group, which has its largest distribution centre in Nuneaton, it is not considering a bid, leaving the way open for Deutsche Post. Other candidates may include Willenhall-based Nightfreight, the heavy goods delivery company that was taken private at the start of 2001 after aborted merger talks with United Carriers, now owned by French group Geodis.
Alternatively, Midlands-based Lynx, which was acquired by private equity firm Bridgepoint in 1997, is known to be on the market.

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Business Post announces its preliminary results for the year ended 31 March 2003

Posted by | May 20, 2003 | |

Business Post, one of the UK’s leading express delivery companies, announces a successful first year’s implementation of the three year plan which was set out in November 2001. Peter Kane, Chairman, stated that “The principal features of the year have been the creation of a new business unit structure; significant levels of investment in the franchise network, training and customer service; and the acquisition of BXT, a specialist technical courier. Despite unhelpful economic conditions, the results of these actions have been gains in market share in each of the sectors in which we operate, and further improvements in turnover, profit and dividends.” Turnover up 18.7% to GBPm 156.3, operating profit up 6.8% to GBPm 15.6 and pre-tax profit up 6.6% to GBPm 16.1

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