He made 30m from the company when it floated in 2014 and still owns 31.6 per cent. The oldest executive at Clipper Logistics Plc is ChristineCross, 68, who is the Senior Non-Executive Independent Director. He holds and pursues strategic level discussions with major retailers. 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. It has 47 sites across Europe. Sign up in seconds, it's free! He holds and pursues strategic level discussions with major retailers. Registered office: 1 London Bridge Street, SE1 9GF. As the Executive Chairman of the Board of Clipper Logistics Plc, the total compensation of Steven Parkin at Clipper Logistics Plc is 518,000GBX. Steve Parkins income source is mostly from being a successful . Steve, a fashion logistics specialist, founded the Group in 1992. 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. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. See Steve Parkin's compensation, career history, education, & memberships. Steve Parkin and Sun Capital Partners are plotting a 300m bid to take Clipper Logistics private, Sky News can exclusively reveal. 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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. Today, he owns an online logistics company named Clipper and is wealthy by 45 million (Rs 450 crore) last year alone. Steve has extensive experience of retail logistics particularly in fashion. Get involved in exciting, inspiring conversations. [10], In May 2020, the company donated a refrigerated trailer to the food bank run by Leeds United Foundation and Leeds City Council. There are 4 older and 1 younger executives at Clipper Logistics Plc. 894646. 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. 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. Wallmine is a radically better financial terminal. Clippers share price also rebounded strongly since the market fall in March. 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. 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. 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. 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Some say the UK market simply undervalues British businesses, leaving them vulnerable to takeover from deep pocketed foreigners. Steve Parkin Net Worth His net worth has been growing significantly in 2020-2021. WebSteve Parkin Net Worth. Other major business figures that made the list include Steve Parkin, owner of Clipper Logistics, who saw his fortunes rise by 20m. We have noticed that there is an issue with your subscription billing details. Musk Made a Mess at Twitter. Steve Parkin Net Worth His net worth has been growing significantly in 2020-2021. There are no executives at Clipper Logistics Plc getting paid more. We have estimated Steve Parkin's net worth , money, salary, income, and assets. [13] According to GXO this will vastly increase the scope of its reverse logistics services, and provide a bridgehead into Germany. Clipper Logistics plc was founded in 1992 and is headquartered in Leeds, the United Kingdom. GXO chief executive Malcolm Wilson said of the deal: This potential acquisition would enhance GXOs position as a successful pure-play logistics leader. It was. [11], On 28 February 2022 GXO Logistics made a recommended offer for the company. Additionally, it sells new and used commercial vehicles, as well as parts; and operates servicing and repair facilities. [23], Clipper has been a sponsor of Leeds United football club since 2017.[24]. Parkin who started out as a "man with a van" ranks 10th on the list of richest people in Yorkshire, according to Business Insider. [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. 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. Clipper Logistics plc was founded in 1992 and is headquartered in Leeds, the United Kingdom. Steven Nicholas Parkin is Executive Chairman of the Board of the Company. In addition, Steve drives the Groups acquisition strategy. One of his first jobs was driving for Huddersfield's Bonmarche clothing company. Bloomberg's Alix Steel and Paul Sweeney harness the power of Bloomberg Intelligence to provide in-depth research and data on more than 2,000 companies and 130 industries. It has 47 sites across Europe. It has 47 sites across Europe. Parkin could bag around 100 million. 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. 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. Read more: Clipper founder to table 300m takeover bid. 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. Last year private equity funds alone did 62 billion worth of deals for UK listed companies. With allies support he could command 40 per cent of the companys voting stock in favour of his bid, Sky News reported. The oldest executive at Clipper Logistics Plc is ChristineCross, 68, who is the Senior Non-Executive Independent Director. Additionally, it sells new and used commercial vehicles, as well as parts; and operates servicing and repair facilities. As Executive Chairman, Steve is responsible for the strategic direction of the Group. A man who left school at the age of 16 with no qualifications is now a multi-millionaire. SS&C said it will keep Blue Prisms London HQ. [12] In May 2022, it was announced the acquisition had been completed. 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. As the Executive Chairman of the Board of Clipper Logistics Plc, the total compensation of Steven Parkin at Clipper Logistics Plc is 518,000GBX. Last updated: 1 March 2023 at 11:00am EST. 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. "I remain as confident and focused as ever in the future growth prospects of Clipper. He made 30m from the company when it floated in 2014 and still owns 31.6 per cent. Parkin has reportedly become frustrated by the fall in Clippers share price over the last year. This article is about Clipper Logistics. 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, Steve drives the Groups acquisition strategy. Enter your password to log in. Steve has extensive experience of retail logistics particularly in fashion. 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. There are 4 older and 1 younger executives at Clipper Logistics Plc. 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. 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. 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. Last updated: 1 March 2023 at 11:00am EST. Steve Parkins income source is mostly from being a successful . What is the salary of Steven Parkin? 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. 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. WebAccording to our Database, He has no children. 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. 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. So, how much is Steve Parkin worth at the age of 57 years old? What is the salary of Steven Parkin? 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