GXO chief executive Malcolm Wilson said of the deal: This potential acquisition would enhance GXOs position as a successful pure-play logistics leader. It has 47 sites across Europe. As Executive Chairman, Steve is responsible for the strategic direction of the Group. Steve, a fashion logistics specialist, founded the Group in 1992. The company won a number of contracts in the early years with retailers such as Huddersfield-based Bonmarch and Sir Philip Green which helped it to become established in the transport, haulage and warehousing market. As the Executive Chairman of the Board of Clipper Logistics Plc, the total compensation of Steven Parkin at Clipper Logistics Plc is GBX518,000. 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. He joined the company in 1980 and was the CEO from 2000 to 2014. He made 30m from the company when it floated in 2014 and still owns 31.6 per cent. Clipper Logistics plc was founded in 1992 and is headquartered in Leeds, the United Kingdom. WebSteve Parkin Net Worth. Additionally, it sells new and used commercial vehicles, as well as parts; and operates servicing and repair facilities. As the Executive Chairman of the Board of Clipper Logistics Plc, the total compensation of Steven Parkin at Clipper Logistics Plc is 518,000GBX. Clipper's stock market flotation in May 2014, at 100p a share, valued the business at 112.5million. The company reported its turnover had risen by 39.1 per cent this summer - to nearly 700 million. 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. Clipper Logistics plc, together with its subsidiaries, provides value-added logistics services to the retail sector in the United Kingdom and rest of Europe. 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. One of his first jobs was driving for Huddersfield's Bonmarche clothing company. The firm reported in December that its revenue was up 20%after growing e-fulfilment operations, crediting the structural shift and acceleration of online retail. By clicking Sign up you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice. 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. There are no executives at Clipper Logistics Plc getting paid more. As the Executive Chairman of the Board of Clipper Logistics Plc, the total compensation of Steven Parkin at Clipper Logistics Plc is GBX518,000. [13] According to GXO this will vastly increase the scope of its reverse logistics services, and provide a bridgehead into Germany. WebSteve Parkin is Chairman/Founder at Clipper Logistics PLC. Additionally, it sells new and used commercial vehicles, as well as parts; and operates servicing and repair facilities. Steve Parkin Net Worth His net worth has been growing significantly in 2020-2021. The expected take-private bid, first reported last night by Sky News, sent Clippers share price up almost 22 per cent to 294.5p in early trading. Arm Holdings, a darling of the UK tech scene which was bought by Japans SoftBank six years ago, is now expected to float on the New York Nasdaq market rather than in London. Sun Capital Partners now has until 18 December to table a firm offer for Clipper. Some say the UK market simply undervalues British businesses, leaving them vulnerable to takeover from deep pocketed foreigners. There are 4 older and 1 younger executives at Clipper Logistics Plc. He holds and pursues strategic level discussions with major retailers. It has 47 sites across Europe. Isa do! The 65-year-old purchased the Clippers for $2 billion in 2014. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Clipper Logistics executive chairman Steve Parkin has cashed in shares worth 62.2m after selling more than 10% of the company he founded. 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. There can be no certainty that an offer will be made for the Company, nor as to the terms on which any offer will be made.. As the Executive Chairman of the Board of Clipper Logistics Plc, the total compensation of Steven Parkin at Clipper Logistics Plc is 518,000GBX. The oldest executive at Clipper Logistics Plc is ChristineCross, 68, who is the Senior Non-Executive Independent Director. 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, a fashion logistics specialist, founded the Group in 1992. Steve Parkin, from Yorkshire in the UK, dropped out of school in 1992 and got a heavy goods vehicle (HGV) license and started driving for a living. 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. Well I wasnt on the beach, I was in the bar, probably, he corrects himself in a gravelly Leeds accent. There are no executives at Clipper Logistics Plc getting paid more. He is from United Kingdom. Parkin has reportedly become frustrated by the fall in Clippers share price over the last year. Parkin could bag around 100 million. Clipper Logistics executive chairman Steve Parkin has cashed in shares worth 62.2m after selling more than 10% of the company he founded. 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. 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. As the Executive Chairman of the Board of Clipper Logistics Plc, the total compensation of Steven Parkin at Clipper Logistics Plc is GBX518,000. 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. [3] The company was listed on the London Stock Exchange until it was acquired by GXO Logistics in May 2022. edit] edit] 894646. Steven Parkin Net Worth Steven Parkin biography. It offers e-fulfilment, returns management, multichannel, technical services, warehousing, urban and retail consolidation, secure logistics, transportation, port deconsolidation logistics, and contract packaging services. His net worth has been growing significantly in 2021-2022. Steven Nicholas Parkin is Executive Chairman of the Board of the Company. Parkin is a Leeds United fan and says that he has considered taking over the club on more than one occasion in the past. This account already exists. 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 made 30m from the company when it floated in 2014 and still owns 31.6 per cent. 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. John Menzies initially put up strong resistance to the Kuwaiti bid, which it dismissed as an opportunistic response to a low share price. Clipper Logistics plc was founded in 1992 and is headquartered in Leeds, the United Kingdom. It was. [8] This was considered to be controversial amid a scandal over the appointment of COVID-19 contracts in the United Kingdom and alleged cronyism in the British government, as Parkin is a top Conservative Party donor who has attended Leader's Group meetings ("the premier supporter Group of the Conservative Party") and donated 725,000 to the Conservative Party. So, how much is Steve Parkin worth at the age of 56 years old? Anil Kumble, Chris Gayle pick G.O.A.T. Steven Parkin Net Worth Steven Parkin biography. Enter your password to log in. Musk Made a Mess at Twitter. As the Executive Chairman of the Board of Clipper Logistics Plc, the total compensation of Steven Parkin at Clipper Logistics Plc is GBX518,000. 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. 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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. 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. He holds and pursues strategic level discussions with major retailers. Other major business figures that made the list include Steve Parkin, owner of Clipper Logistics, who saw his fortunes rise by 20m. Last updated: 1 March 2023 at 11:00am EST. [10], In May 2020, the company donated a refrigerated trailer to the food bank run by Leeds United Foundation and Leeds City Council. [12] In May 2022, it was announced the acquisition had been completed. The pictures behind are by a Polish arist and tell a story of football violence, reminiscent of the 1970s. Parkin could bag around 100 million. Get involved in exciting, inspiring conversations. 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, Stocks and cryptocurrency portfolio tracker. Today, he owns an online logistics company named Clipper and is wealthy by 45 million (Rs 450 crore) last year alone. 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. In addition, Steve drives the Groups acquisition strategy. So, how much is Steve Parkin worth at the age of 56 years old? Steve in his office, which boasts a 30,000 Walter Knoll desk. Steve is the chairman of the Nomination Committee. Steven Parkin Net Worth Steven Parkin biography. He holds and pursues strategic level discussions with major retailers. John Lewis have a problem., The parcel carrier City Link was about to go bust, Parkin was told. Steven Parkin is 54, he's been the Executive Chairman of the Board of Clipper Logistics Plc since . Clipper has been one of the business winners of the coronavirus crisis, having benefitted from the rise in online sales throughout the pandemic. Click here to sign up to receive our new South West business news TheBusinessDesk.com 2008 - 2023. The oldest executive at Clipper Logistics Plc is ChristineCross, 68, who is the Senior Non-Executive Independent Director. Steve Parkin is telling an anecdote to explain how he has turned Clipper Logistics into a retail distribution empire worth 430m. Steve Parkin, 55, is executive chairman of Clipper Logistics, a delivery business he founded in 1992. Steve Parkins income source is mostly from being a successful . The company is also involved in online retail activities; and operates agency for leasing commitments. This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, More Iranian Schoolgirls Sickened in Suspected Poisoning Wave, No Major Offer Expected on Childcare in UK Budget, Data Fraud Is Focus To Bolster Chinas Lackluster Carbon Market, China Gives New Backing to Coal Even as Clean Energy Accelerates, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? There are 4 older and 1 younger executives at Clipper Logistics Plc. Sign up in seconds, it's free! There are no executives at Clipper Logistics Plc getting paid more. Last year private equity funds alone did 62 billion worth of deals for UK listed companies. [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 in his office, which boasts a 30,000 Walter Knoll desk. What is the salary of Steven 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. There are no executives at Clipper Logistics Plc getting paid more. We have estimated Steve Parkin's net worth , money, salary, income, and assets. And theyve got all the volume for John Lewis., Parkin nods to his finance director, David Hodkin, who is sitting beside him listening attentively. It operates in 46 sites and 10 million square feet of warehousing space. I remain as confident and focused as ever in the future growth prospects of Clipper, said Parkin. Parkin could bag around 100 million. It has 47 sites across Europe. 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. We have estimated Steve Parkin's net worth , money, salary, income, and assets. of the issued share capital of the Company immediately following Admission. 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. [14], Staff at the company warehouse in Ollerton, Nottinghamshire complained in March 2020 that they were "crammed into corridors" and given no hand sanitiser. 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. Steve is the chairman of the Nomination Committee. Steve has extensive experience of retail logistics particularly in fashion. Steve is the ultimate controller of the Major Shareholder which will hold 34.80 per cent. You must be at least 18 years old to create an account, Must be at least 6 characters, include an upper and lower case character and a number, I would like to be emailed about offers, events and updates from Evening Standard. His net worth has been growing significantly in 2021-2022. Today his remaining 13.9% stake, after his 62m sale, is valued at around 80m. James Anderson, a fund manager at the huge Scottish Mortgage Investment Trust has called this a huge potential blow to London. The company operates through two segments, Value-Added Logistics Services and Commercial Vehicles. We have estimated Steve Parkin's net worth , money, salary, income, and assets. Steve Parkin and Sun Capital Partners are plotting a 300m bid to take Clipper Logistics private, Sky News can exclusively reveal. WebSteve Parkin Net Worth. 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. Steve Parkin is telling an anecdote to explain how he has turned Clipper Logistics into a retail distribution empire worth 430m. 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 Parkin Net Worth His net worth has been growing significantly in 2020-2021. Last updated: 1 March 2023 at 11:00am EST. Clipper Logistics plc, together with its subsidiaries, provides value-added logistics services to the retail sector in the United Kingdom and rest of Europe. 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