Clipper Logistics executive chairman Steve Parkin has cashed in shares worth 62.2m after selling more than 10% of the company he founded. Yorkshire [13] According to GXO this will vastly increase the scope of its reverse logistics services, and provide a bridgehead into Germany. "I remain as confident and focused as ever in the future growth prospects of Clipper. Please, The subscription details associated with this account need to be updated. 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. 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. Steven Parkin Net Worth Steven Parkin biography. Today his remaining 13.9% stake, after his 62m sale, is valued at around 80m. We have estimated Steve Parkin's net worth , money, salary, income, and assets. Other major business figures that made the list include Steve Parkin, owner of Clipper Logistics, who saw his fortunes rise by 20m. 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. His net worth has been growing significantly in 2021-2022. Sign up WebSteve Parkin Net Worth. 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. [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. He is from United Kingdom. In addition, Steve drives the Groups acquisition strategy. The company is also involved in online retail activities; and operates agency for leasing commitments. In addition, Steve drives the Groups acquisition strategy. It has accepted a 558 million bid from Kuwaiti firm Agility. [9] The company reported 38.2 percent rise in interim pre-tax profits aided by "a successful Black Friday weekend" and was helped by a "significant increase in supporting Supply Chain Co-ordination (NHS) with the storage and distribution of PPE", processing "over 7.4 billion items of PPE on the NHS contract". GXO chief executive Malcolm Wilson said of the deal: This potential acquisition would enhance GXOs position as a successful pure-play logistics leader. Steve has extensive experience of retail logistics particularly in fashion. See Steve Parkin's compensation, career history, education, & memberships. Today, he owns an online logistics company named Clipper and is wealthy by 45 million (Rs 450 crore) last year alone. As the Executive Chairman of the Board of Clipper Logistics Plc, the total compensation of Steven Parkin at Clipper Logistics Plc is GBX518,000. The oldest executive at Clipper Logistics Plc is ChristineCross, 68, who is the Senior Non-Executive Independent Director. 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. So, how much is Steve Parkin worth at the age of 57 years old? Steve, a fashion logistics specialist, founded the Group in 1992. He is from United Kingdom. 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. Its workforce increased by 2,000, bringing the total employees at the firm to 10,000. Steven Nicholas Parkin is Executive Chairman of the Board of the Company. Clippers' Steve Ballmer Becomes 9th Person Today, he owns an online logistics company named Clipper and is wealthy by 45 million (Rs 450 crore) last year alone. Yorkshire 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. Fashion delivery player Clipper saw its shares soar in early trading after confirming a takeover approach from a private equity giant. We have noticed that there is an issue with your subscription billing details. 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. Wallmine is a radically better financial terminal. The Maggie-loving former miner who wants As the Executive Chairman of the Board of Clipper Logistics Plc, the total compensation of Steven Parkin at Clipper Logistics Plc is GBX518,000. Indian batter in IPL history WATCH, Kerala accident: Overspeeding KSRTC bus falls into gorge in Idukki; five passengers seriously injured |WATCH, BJP MLA holds ears and does sit-ups at UP election rally, asks people to forgive him; clip goes viral, Fossil of 170-million-year-old flying reptile unearthed; called "largest of its kind ever discovered", Ukraine says Russia has launched 'full scale invasion'- see now social media is reacting, Viral video: Ice climber hangs on mountain ledge as avalanche hits; cheats death [WATCH], 'Miracle baby' born on 22/2/2022 at 2:22 AM in delivery room 2; she is named 'Judah', Steve Parkin left school at the age of 16 with no qualifications, One of his first jobs was driving for a clothing company, Today, he ranks 10th on the list of richest people in Yorkshire in the UK. Before his time in the NBA, Ballmer was known for his work in the tech industry as one of the first employees at Microsoft and Harvard classmate of Bill Gates. Steve, a fashion logistics specialist, founded the Group in 1992. Steven Nicholas Parkin is Executive Chairman of the Board of the Company. Each email has a link to unsubscribe. 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. 894646. He is the ninth person to reach that milestone. inside story on Steve Parkin's lavish Leeds penthouse WebAccording to our Database, He has no children. The shares have been rising every since Agility emerged as bidders today they were up 3p to 586p, still somewhat below the offer. Steve, a fashion logistics specialist, founded the Group in 1992. On this Wikipedia the language links are at the top of the page across from the article title. It offers e-fulfilment, returns management, multichannel, technical services, warehousing, urban and retail consolidation, secure logistics, transportation, port deconsolidation logistics, and contract packaging services. [3] The company was listed on the London Stock Exchange until it was acquired by GXO Logistics in May 2022. edit] edit] That is at a much-improved 608p a share, having rejected earlier bids at 460p and 510p. I get a phone call. John Menzies initially put up strong resistance to the Kuwaiti bid, which it dismissed as an opportunistic response to a low share price. Steve is the ultimate controller of the Major Shareholder which will hold 34.80 per cent. This account already exists. 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. So, how much is Steve Parkin worth at the age of 57 years old? Last year private equity funds alone did 62 billion worth of deals for UK listed companies. Steve Parkin Net Worth His net worth has been growing significantly in 2020-2021. Other major business figures that made the list include Steve Parkin, owner of Clipper Logistics, who saw his fortunes rise by 20m. It offers e-fulfilment, returns management, multichannel, technical services, warehousing, urban and retail consolidation, secure logistics, transportation, port deconsolidation logistics, and contract packaging services. Steve Parkin is telling an anecdote to explain how he has turned Clipper Logistics into a retail distribution empire worth 430m. 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? Sign up in seconds, it's free! And theyve got all the volume for John Lewis., Parkin nods to his finance director, David Hodkin, who is sitting beside him listening attentively. Steve Parkin is telling an anecdote to explain how he has turned Clipper Logistics into a retail distribution empire worth 430m. As Executive Chairman, Steve is responsible for the strategic direction of the Group. Sign up in seconds, it's free! 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. James Anderson, a fund manager at the huge Scottish Mortgage Investment Trust has called this a huge potential blow to London. Steven Parkin is 54, he's been the Executive Chairman of the Board of Clipper Logistics Plc since . 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 Clipper said the sale was part of an estate planning exercise and to improve the liquidity in the companys shares. Steve is the ultimate controller of the Major Shareholder which will hold 34.80 per cent. Steve has extensive experience of retail logistics particularly in fashion. 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. It offers e-fulfilment, returns management, multichannel, technical services, warehousing, urban and retail consolidation, secure logistics, transportation, port deconsolidation logistics, and contract packaging services. 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. Tory donors firm behind PPE delivery now to be paid millions to He holds and pursues strategic level discussions with major retailers. of the issued share capital of the Company immediately following Admission. Clipper Logistics plc was founded in 1992 and is headquartered in Leeds, the United Kingdom. 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. Steve has extensive experience of retail logistics particularly in fashion. 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. [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. It operates in 46 sites and 10 million square feet of warehousing space. Steve is the chairman of the Nomination Committee. 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. So, how much is Steve Parkin worth at the age of 56 years old? Registered office: 1 London Bridge Street, SE1 9GF. Parkin could bag around 100 million. Enter your password to log in. 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. There are 4 older and 1 younger executives at Clipper Logistics Plc. Musk Made a Mess at Twitter. He is from United Kingdom. Parkin Net Worth 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. WebSteve Parkin is Chairman/Founder at Clipper Logistics PLC. My Money: Steve Parkin, delivery firm tycoon The Maggie-loving former miner who wants In addition, Steve drives the Groups acquisition strategy. Steven Parkin Net Worth Steven Parkin biography. 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. worth His net worth has been growing significantly in 2021-2022. So, how much is Steve Parkin worth at the age of 57 years old? What is the salary of Steven Parkin? 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 company operates through two segments, Value-Added Logistics Services and Commercial Vehicles. Clipper Logistics plc, together with its subsidiaries, provides value-added logistics services to the retail sector in the United Kingdom and rest of Europe. It will delist from the London Stock Exchange in March. Tory donors firm behind PPE delivery now to be paid millions to Steve Parkin Clipper It has 47 sites across Europe.