Read more: Clipper founder to table 300m takeover bid. The company operates through two segments, Value-Added Logistics Services and Commercial Vehicles. WebClipper Logistics plc is a retail logistics company based in Leeds which serves retailers selling fashion, tobacco, alcohol and other high-value goods in the UK and Europe. The company is also involved in online retail activities; and operates agency for leasing commitments. Sun Capital Partners now has until 18 December to table a firm offer for Clipper. Steve Parkin, Clipper Logistics PLC: Profile and Biography John Menzies, the cargo group that works for airlines across the world, is going the same way. It has 47 sites across Europe. Steve Parkin and Sun Capital Partners are plotting a 300m bid to take Clipper Logistics private, Sky News can exclusively reveal. While the COVID-19 pandemic has affected most businesses around the world, Clipper managed to increase in value by keeping things moving for people stuck at home. It offers e-fulfilment, returns management, multichannel, technical services, warehousing, urban and retail consolidation, secure logistics, transportation, port deconsolidation logistics, and contract packaging services. inside story on Steve Parkin's lavish Leeds penthouse Yorkshire Start-up eyes US expansion following inclusion in prestigious Business productivity scheme launched to help SMEs thrive, Cinema and leisure development coming to shopping centre, Consultancy secures place on eight-year framework with water utility group, Healthy partnership for property specialist, People: Safestyle UK; LCF Law; Prosura; and more, People: KPMG; Switalskis Solicitors; Women in Property Yorkshire & North East; and more, People: Roxy Leisure; Wrigleys Solicitors; Huddersfield Unlimited; and more, Growth rocketing at innovative software business, Expansion limbers up growth in revenue and profit at Pure Gym, Culture at the heart of fast growing multi-million-pound-turnover beauty business, Portakabin delivers training facility for Premier League club, New housebuilder launches focused on single-family market in North and Midlands, Third of fleet at bus company depot to be fully electric by 2024. Steve Parkin Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Further, the company develops Boomerang, a returns management solution; and Clicklink, a click and collect solution that provides a service dedicated to the needs of retailers. Steve is the ultimate controller of the Major Shareholder which will hold 34.80 per cent. Steven Nicholas Parkin is Executive Chairman of the Board of the Company. There are 4 older and 1 younger executives at Clipper Logistics Plc. He holds and pursues strategic level discussions with major retailers. He joined the company in 1980 and was the CEO from 2000 to 2014. Further, the company develops Boomerang, a returns management solution; and Clicklink, a click and collect solution that provides a service dedicated to the needs of retailers. As the Executive Chairman of the Board of Clipper Logistics Plc, the total compensation of Steven Parkin at Clipper Logistics Plc is GBX518,000. TheBusinessDesk.com is a trading name of Regional Media Services Ltd. (07111349) VAT Number. of the issued share capital of the Company immediately following Admission. Parkin has taken advantage of a huge rise in the businesss share price to nearly halve his personal stake although he intends to remain a significant shareholder for the long-term in the Leeds-based business. Discussions regarding a possible offer took place between the parties, and the views of a number of independent Clipper shareholders were sought. GXO chief executive Malcolm Wilson said of the deal: This potential acquisition would enhance GXOs position as a successful pure-play logistics leader. Steve Parkin, 55, is executive chairman of Clipper Logistics, a delivery business he founded in 1992. Clippers' Owner Steve Ballmer Becomes 9th We have estimated Steve Parkin's net worth , money, salary, income, and assets. Steve Parkin Net Worth His net worth has been growing significantly in 2020-2021. Steven Nicholas Parkin is Executive Chairman of the Board of the Company. Meanwhile, the government has dropped its probe into the 1.2 billion takeover of robot software group Blue Prism by Americas SS&C. The fund and trust-based savings accounts that have made a mint since 1999, Octopus hits back at challenge to Bulb deal arguing it was more nimble than rivals, Flutter shares tumble after World Cup wins knock profit, Can fintech thrive outside of London? Clippers share price also rebounded strongly since the market fall in March. Parkin Net Worth The company operates through two segments, Value-Added Logistics Services and Commercial Vehicles. Steve has extensive experience of retail logistics particularly in fashion. Parkin who started out as a "man with a van" ranks 10th on the list of richest people in Yorkshire, according to Business Insider . WebClipper Logistics plc is a retail logistics company based in Leeds which serves retailers selling fashion, tobacco, alcohol and other high-value goods in the UK and Europe. Now, he owns the online logistics company Clipper - you might have seen their warehouses by the side of the motorway - and saw his wealth increase by 45 million last year. Parkin who started out as a "man with a van" ranks 10th on the list of richest people in Yorkshire, according to Business Insider . The Maggie-loving former miner who wants Steve Parkin is telling an anecdote to explain how he has turned Clipper Logistics into a retail distribution empire worth 430m. WebAccording to our Database, He has no children. Some say the UK market simply undervalues British businesses, leaving them vulnerable to takeover from deep pocketed foreigners. Parkin Net Worth Fashion logistics firm Clipper's shares Clipper He is from United Kingdom. Clipper Logistics There are 4 older and 1 younger executives at Clipper Logistics Plc. He made 30m from the company when it floated in 2014 and still owns 31.6 per cent. Clippers' Steve Ballmer Becomes 9th Person That is at a much-improved 608p a share, having rejected earlier bids at 460p and 510p. As the Executive Chairman of the Board of Clipper Logistics Plc, the total compensation of Steven Parkin at Clipper Logistics Plc is GBX518,000. NumisSecurities Limited andShore Capital Stockbrokers Limited acted as joint bookrunnersin connection with the placing. Ballmer, meanwhile, has used his ownership of the Clippers to lower his tax rate while reporting $700 million in losses in recent years, according to a breakdown byRobert Faturechi,Justin ElliottandEllis Simani of ProPublica. Clippers' Steve Ballmer Becomes 9th Person Parkin could bag around 100 million. [13] According to GXO this will vastly increase the scope of its reverse logistics services, and provide a bridgehead into Germany. The company also provides added-value services, including secure warehousing, HMRC customs bond, quality control, pressing, RFID/security tag attachment, label printing, store recall, metal detection, container de-stuffing, new store building, pick and pack, secure destruction, and specialist storage services. As the Executive Chairman of the Board of Clipper Logistics Plc, the total compensation of Steven Parkin at Clipper Logistics Plc is 518,000GBX. Parkin Net Worth inside story on Steve Parkin's lavish Leeds penthouse Sign up for exclusive newsletters, comment on stories, enter competitions and attend events. 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As the Executive Chairman of the Board of Clipper Logistics Plc, the total compensation of Steven Parkin at Clipper Logistics Plc is 518,000GBX. Sign up Parkin Net Worth Steve Parkin cashes in 62m Clipper stake According to Forbes, the Clippers were valued at $2.75 billion this year, including a 38 percent change in value over the past five years. Sign up in seconds, it's free! For the tea company, see, "Clipper Logistics CEO: We're 'agile and able' and the crisis has demonstrated our capabilities", "This year starts well for Clipper Logistics Group", "Leeds' Clipper Logistics expected to raise 100 million from IPO", "The price wasn't right: sun capital pulls out of clipper logistics takeover", "Retail logistics firm put in charge of crisis-hit PPE deliveries", "Disaster Capitalism: Conservative Party Donor Cashes in on UK Government-Made PPE Shortages Amidst COVID-19 Crisis", "PPE contract puts wind in Clipper's sails", "Clipper Logistics partners with Leeds United to support Food bank", "Leeds-based Clipper Logistics set to be acquired by New York listed GXO Logistics after deal is agreed", "GXO completes Clipper Logistics acquisition following court approval | Financial News", "GXO eyes improved 'returns' as Clipper buy can boost reverse logistics offering", "Superdry ramps up robotics in Burton DC with Hikrobot", "John Lewis and Clipper Logistics form joint venture company to deliver click and collect services", "Clipper Logistics to replace DHL Supply Chain on Arcadia Group contract", "Coronavirus: Clothing warehouse 'putting lives at risk', "Clipper extends Leeds United sponsorship deal", https://en.wikipedia.org/w/index.php?title=Clipper_Logistics&oldid=1138454393, Logistics companies of the United Kingdom, Companies listed on the London Stock Exchange, Pages containing links to subscription-only content, Creative Commons Attribution-ShareAlike License 3.0, Superdry: It operates a distribution centre for, Arcadia: In June 2020 it was announced that clipper would be taking over the logistics operation for, This page was last edited on 9 February 2023, at 19:56. Parkin Net Worth Tory donors firm behind PPE delivery now to be paid millions to Steve Parkins income source is mostly from being a successful . You can opt-out at any time by signing in to your account to manage your preferences. See Steve Parkin's compensation, career history, education, & memberships. Now, he owns the online logistics company Clipper - you might have seen their warehouses by the side of the motorway - and saw his wealth increase by 45 million last year. Steven Nicholas Parkin is Executive Chairman of the Board of the Company. There are no executives at Clipper Logistics Plc getting paid more. Clipper Logistics plc, together with its subsidiaries, provides value-added logistics services to the retail sector in the United Kingdom and rest of Europe. Steven Parkin is 54, he's been the Executive Chairman of the Board of Clipper Logistics Plc since . [4] The company made a number of acquisitions in the 2000s including DTS logistics Ltd, Gagewell Transport Ltd and Northern Commercials (Mirfield) Ltd [5] In 2014 the company was floated on the London Stock Exchange with a valuation of 100 million. WebSteve Parkin Net Worth. Steve Parkin, who founded Clipper in 1992 before taking it public in 2014, is reportedly plotting a 300m offer for the firm alongside US private equity giant Sun Capital Partners. Steven Nicholas Parkin is Executive Chairman of the Board of the Company. There are no executives at Clipper Logistics Plc getting paid more. Additionally, it sells new and used commercial vehicles, as well as parts; and operates servicing and repair facilities. [6], In November 2019, investment fund Sun Capital Partners, Inc. announced it was considering making a bid for the company, supported by founder and executive chairman Steve Parkin. Steve Parkin and Sun Capital Partners are plotting a 300m bid to take Clipper Logistics private, Sky News can exclusively reveal. It operates in 46 sites and 10 million square feet of warehousing space. Sign up Isa do! WebClipper Logistics plc is a retail logistics company based in Leeds which serves retailers selling fashion, tobacco, alcohol and other high-value goods in the UK and Europe. Clipper said the sale was part of an estate planning exercise and to improve the liquidity in the companys shares. There are no executives at Clipper Logistics Plc getting paid more. Over the last year, we have demonstrated our ability to act quickly and effectively to solve complex challenges for our clients, and the growth we have delivered through this period is testament to Clipper's leading position in the eCommerce logistics market," he said in January. Clipper's stock market flotation in May 2014, at 100p a share, valued the business at 112.5million. Please, Yorkshireman Steve Parkin started Clipper Logistics with only one van, Steve Parkin at his 300-acre Harrogate estate: the 56-year-old says old friends stop him behaving like Big-Time Charlie. Clippers' Owner Steve Ballmer Becomes 9th Steve is the chairman of the Nomination Committee. SS&C said it will keep Blue Prisms London HQ. My Money: Steve Parkin, delivery firm tycoon [12] In May 2022, it was announced the acquisition had been completed. Charlotte Crosswell talks growing the sector around the country, WH Smith hit by cyber attack as hackers gain access to private company data. Steve, a fashion logistics specialist, founded the Group in 1992. There are no executives at Clipper Logistics Plc getting paid more. Liberum set a target price of 375p for the FTSE All Share firm this morning, saying: A 300m valuation for Clipper would imply an April 2020E P/E of around 15x and EV/Ebitda around 8.5x. Yorkshire Other major business figures that made the list include Steve Parkin, owner of Clipper Logistics, who saw his fortunes rise by 20m. "I remain as confident and focused as ever in the future growth prospects of Clipper. It has 47 sites across Europe. (124302954), Steve Parkin cashes in 62m Clipper stake, Bakery finds recipe for growth in pandemics aftermath, Green light for 210m town centre regeneration, Professional services firm to buy East Anglian financial planners. Well I wasnt on the beach, I was in the bar, probably, he corrects himself in a gravelly Leeds accent. Tory donors firm behind PPE delivery now to be paid millions to Steve has extensive experience of retail logistics particularly in fashion. On this Wikipedia the language links are at the top of the page across from the article title. Clipper Logistics Plc executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Steve Parkins income source is mostly from being a successful . He also owns a number of horses and is a keen racing fan. Parkin could bag around 100 million. Last updated: 1 March 2023 at 11:00am EST. On Wednesday afternoon, Scott Carpenter of Bloomberg Wealth reported that LA Clippers' owner Steve Ballmer has become the world's 9th person to reach $100B net worth. He is from United Kingdom. The Maggie-loving former miner who wants