Freight News, Logistics

Europa works through the pain

[ December 16, 2015   //   ]

Europa Worldwide Group says that has completed a complex, two-year restructuring following managing director Andrew Baxter, acquisition of a 90% stake in the business in August 2013. It says that while there have been some operational problems and significant reorganisation costs, the benefits are now being felt internally and by customers.

The process included building a £30m facility in Dartford, the biggest single investment in the company’s history, new branches n Nottingham and Leeds, the expansion of the Southampton branch and the relocation of its Newcastle and Manchester sites and reorganising its road freight sales and customer services functions. A fifth of Europa’s entire workforce was appointed in 2014 alone.

The company was also split into three clear operating divisions, Air & Sea, Warehouse and Road in place of the old regionalised structures.

Turnover grew 9% in 2014 but with profits down to £237,000 due to the restructuring costs, but Andrew Baxter says these are now recovering strongly.

Europa has meanwhile appointed Robert Ross as group financial director. He joins the groupage operator from financial firm, PwC, has takes over from former financial director, Russell Keep.