Steve Parkin, 55, is executive chairman of Clipper Logistics, a delivery business he founded in 1992. Get involved in exciting, inspiring conversations with other readers. Steve is the chairman of the Nomination Committee. Parkin who started out as a "man with a van" ranks 10th on the list of richest people in Yorkshire, according to Business Insider . Mr Parkin sold 30m worth of shares at the flotation and has since sold down his stake further, most notably in January last year, when he raised 62m in what was described as an estate planning exercise. He holds and pursues strategic level discussions with major retailers. I remain as confident and focused as ever in the future growth prospects of Clipper, said Parkin. As the Executive Chairman of the Board of Clipper Logistics Plc, the total compensation of Steven Parkin at Clipper Logistics Plc is GBX518,000. Clipper Logistics plc, together with its subsidiaries, provides value-added logistics services to the retail sector in the United Kingdom and rest of Europe. As the Executive Chairman of the Board of Clipper Logistics Plc, the total compensation of Steven Parkin at Clipper Logistics Plc is GBX518,000. Parkin is a Leeds United fan and says that he has considered taking over the club on more than one occasion in the past. Mr Parkin, 62, is no longer involved in the running of Clipper Logistics after it was acquired by US logistics giant GXO in a deal worth almost 1bn, but he remains a shareholder. It offers e-fulfilment, returns management, multichannel, technical services, warehousing, urban and retail consolidation, secure logistics, transportation, port deconsolidation logistics, and contract packaging services. NumisSecurities Limited andShore Capital Stockbrokers Limited acted as joint bookrunnersin connection with the placing. [11], On 28 February 2022 GXO Logistics made a recommended offer for the company. What is the salary of Steven Parkin? "I remain as confident and focused as ever in the future growth prospects of Clipper. It offers e-fulfilment, returns management, multichannel, technical services, warehousing, urban and retail consolidation, secure logistics, transportation, port deconsolidation logistics, and contract packaging services. Clipper's stock market flotation in May 2014, at 100p a share, valued the business at 112.5million. Click here to sign up to receive our new South West business news TheBusinessDesk.com 2008 - 2023. Clipper has been strong in repairs and returns logistics, especially in consumer electronics, and repaired around 1.5 million items during the year ended 30 April 2022. [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. Steve Parkin and Sun Capital Partners are plotting a 300m bid to take Clipper Logistics private, Sky News can exclusively reveal. See Steve Parkin's compensation, career history, education, & memberships. Charlotte Crosswell talks growing the sector around the country, WH Smith hit by cyber attack as hackers gain access to private company data. As the Executive Chairman of the Board of Clipper Logistics Plc, the total compensation of Steven Parkin at Clipper Logistics Plc is GBX518,000. Clipper Logistics plc was founded in 1992 and is headquartered in Leeds, the United Kingdom. The company is also involved in online retail activities; and operates agency for leasing commitments. Discussions regarding a possible offer took place between the parties, and the views of a number of independent Clipper shareholders were sought. Steve Parkins income source is mostly from being a successful . In addition, Steve drives the Groups acquisition strategy. What is the salary of Steven Parkin? Parkin cashed in 2 million worth of shares, selling off 10 per cent of the company. [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. Clipper Logistics executive chairman Steve Parkin has cashed in shares worth 62.2m after selling more than 10% of the company he founded. As Executive Chairman, Steve is responsible for the strategic direction of the Group. It has accepted a 558 million bid from Kuwaiti firm Agility. Our two companies have highly complimentary service offerings, customer portfolios, and footprints in the UK and Europe.. There are no executives at Clipper Logistics Plc getting paid more. Clipper has been one of the business winners of the coronavirus crisis, having benefitted from the rise in online sales throughout the pandemic. [10], In May 2020, the company donated a refrigerated trailer to the food bank run by Leeds United Foundation and Leeds City Council. After putting Parkin in charge of solving the problems in the supply chain, Green gave Parkin six post-dated cheques equivalent to the 300,000 Parkin was owed from the collapse of Mark One. Steve is the ultimate controller of the Major Shareholder which will hold 34.80 per cent. Sign up HREE UK firms worth a near combined 3 billion were set to fall into foreign hands today in the latest sign that markets could be gearing up for a post Covid deal frenzy. So, how much is Steve Parkin worth at the age of 56 years old? Steve, a fashion logistics specialist, founded the Group in 1992. As Executive Chairman, Steve is responsible for the strategic direction of the Group. 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Clipper Logistics plc, together with its subsidiaries, provides value-added logistics services to the retail sector in the United Kingdom and rest of Europe. GXO chief executive Malcolm Wilson said of the deal: This potential acquisition would enhance GXOs position as a successful pure-play logistics leader. Please, The subscription details associated with this account need to be updated. It floated in London in 2014 and boomed during lockdown as home shopping took off. Parkin is a high-profile fan of Premier League club Leeds United, and has previously considered takeover bids of the club. The oldest executive at Clipper Logistics Plc is ChristineCross, 68, who is the Senior Non-Executive Independent Director. He is from United Kingdom. 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. Last year private equity funds alone did 62 billion worth of deals for UK listed companies. Today, he owns an online logistics company named Clipper and is wealthy by 45 million (Rs 450 crore) last year alone. There are no executives at Clipper Logistics Plc getting paid more. WebAccording to our Database, He has no children. When the pandemic hit, Clippers shares fell to 135p, valuing Parkins entire stake at less than 35m. As the Executive Chairman of the Board of Clipper Logistics Plc, the total compensation of Steven Parkin at Clipper Logistics Plc is GBX518,000. Well I wasnt on the beach, I was in the bar, probably, he corrects himself in a gravelly Leeds accent. Steven Parkin Net Worth Steven Parkin biography. The oldest executive at Clipper Logistics Plc is ChristineCross, 68, who is the Senior Non-Executive Independent Director. [13] According to GXO this will vastly increase the scope of its reverse logistics services, and provide a bridgehead into Germany. It offers e-fulfilment, returns management, multichannel, technical services, warehousing, urban and retail consolidation, secure logistics, transportation, port deconsolidation logistics, and contract packaging services. The mark puts the team sixth among NBA franchises despite having zero championships. Steven Nicholas Parkin is Executive Chairman of the Board of the Company. There are no executives at Clipper Logistics Plc getting paid more. Sign up in seconds, it's free! Last updated: 1 March 2023 at 11:00am EST. 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Los Angeles Clippers governor and former Microsoft CEO Steve Ballmer reached $100 billion in net worth Wednesday, according to Scott Carpenter of Bloomberg. Some say the UK market simply undervalues British businesses, leaving them vulnerable to takeover from deep pocketed foreigners. 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. 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. WebSteve Parkin is Chairman/Founder at Clipper Logistics PLC. John Menzies, the cargo group that works for airlines across the world, is going the same way. Steve Parkin, 55, is executive chairman of Clipper Logistics, a delivery business he founded in 1992. Wallmine is a radically better financial terminal. Parkin who started out as a "man with a van" ranks 10th on the list of richest people in Yorkshire, according to Business Insider. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Additionally, it sells new and used commercial vehicles, as well as parts; and operates servicing and repair facilities. Clipper Logistics executive chairman Steve Parkin has cashed in shares worth 62.2m after selling more than 10% of the company he founded. [7], In March 2020, the company was given a contract by the NHS Supply Chain for the delivery of personal protective equipment to NHS trusts and care homes. 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. Today, he owns an online logistics company named Clipper and is wealthy by 45 million (Rs 450 crore) last year alone. 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. [23], Clipper has been a sponsor of Leeds United football club since 2017.[24]. While Clipper has stronger forecast earnings growth than Wincanton, we see potential support for Wincantons valuation at the current low levels (March 2020E: P/E 7.3x, EV/Ebitda 6.6x using the most conservative pension adjustments).. Parkin sold 11m shares at 565p-per-share, which is more than double their value a year ago. Registered in England No. As the Executive Chairman of the Board of Clipper Logistics Plc, the total compensation of Steven Parkin at Clipper Logistics Plc is GBX518,000. Steve is the chairman of the Nomination Committee. John Lewis have a problem., The parcel carrier City Link was about to go bust, Parkin was told. Steve Parkin is telling an anecdote to explain how he has turned Clipper Logistics into a retail distribution empire worth 430m. Sign up in seconds, it's free! 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. The company reported its turnover had risen by 39.1 per cent this summer - to nearly 700 million. He also owns a number of horses and is a keen racing fan. 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. The controversial US oil plan explained, Need to frighten the pants off public with new Covid strain, said Hancock, Constance Marten: Dead baby found wrapped in plastic bag, court hears. The company is also involved in online retail activities; and operates agency for leasing commitments. Other major business figures that made the list include Steve Parkin, owner of Clipper Logistics, who saw his fortunes rise by 20m. 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. First, Clipper Logistics accepted a 920p a share bid from US rival GXO Logistics, a deal that sees a key provider of deliveries for M&S, John Lewis, JD Sports and Asda disappear from the stock market. Steve, a fashion logistics specialist, founded the Group in 1992. Read more: Clipper founder to table 300m takeover bid. Steve Parkins income source is mostly from being a successful . 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Other major business figures that made the list include Steve Parkin, owner of Clipper Logistics, who saw his fortunes rise by 20m. 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The company operates through two segments, Value-Added Logistics Services and Commercial Vehicles. What is the salary of Steven Parkin? There are 4 older and 1 younger executives at Clipper Logistics Plc. The company operates through two segments, Value-Added Logistics Services and Commercial Vehicles. He is from United Kingdom. Sign up There are 4 older and 1 younger executives at Clipper Logistics Plc. As the Executive Chairman of the Board of Clipper Logistics Plc, the total compensation of Steven Parkin at Clipper Logistics Plc is GBX518,000. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX. This article is about Clipper Logistics. Sign up in seconds, it's free! We have estimated Steve Parkin's net worth , money, salary, income, and assets. 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They are said to have hundreds of billions more built up during Covid that are seeking takeover opportunities. Steve has extensive experience of retail logistics particularly in fashion. The pictures behind are by a Polish arist and tell a story of football violence, reminiscent of the 1970s. Other major business figures that made the list include Steve Parkin, owner of Clipper Logistics, who saw his fortunes rise by 20m. Steve is the ultimate controller of the Major Shareholder which will hold 34.80 per cent. Steve, a fashion logistics specialist, founded the Group in 1992. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Clipper's stock market flotation in May 2014, at 100p a share, valued the business at 112.5million. Each email has a link to unsubscribe. Steve, a fashion logistics specialist, founded the Group in 1992. Registered office: 1 London Bridge Street, SE1 9GF. Steve, a fashion logistics specialist, founded the Group in 1992. There are no executives at Clipper Logistics Plc getting paid more. Clipper 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. Parkin could bag around 100 million. He is the ninth person to reach that milestone. The oldest executive at Clipper Logistics Plc is ChristineCross, 68, who is the Senior Non-Executive Independent Director. Wallmine is a radically better financial terminal. A man who left school at the age of 16 with no qualifications is now a multi-millionaire. Steve is the ultimate controller of the Major Shareholder which will hold 34.80 per cent. The board of Clipper Logistics notes the press speculation and confirms it has received a preliminary approach from Sun European Partners, LLP in relation to the potential acquisition of the entire issued, and to be issued, share capital of the Company, Clipper said in a statement today. 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. In addition, it offers specialist fashion services, such as fine distribution, primary transport, shared user distribution, secondary store distribution, contract distribution, inter-branch transfer, return to vendor, new store openings/refurbishment, spot hire, fleet management, Pan-European network, and home delivery link services.