Today, he owns an online logistics company named Clipper and is wealthy by 45 million (Rs 450 crore) last year alone. On this Wikipedia the language links are at the top of the page across from the article title. This article is about Clipper Logistics. Parkin could bag around 100 million. Steve Parkin and Sun Capital Partners are plotting a 300m bid to take Clipper Logistics private, Sky News can exclusively reveal. Parkin could bag around 100 million. Parkin is a Leeds United fan and says that he has considered taking over the club on more than one occasion in the past. 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. GXO chief executive Malcolm Wilson said of the deal: This potential acquisition would enhance GXOs position as a successful pure-play logistics leader. There are no executives at Clipper Logistics Plc getting paid more. He is from United Kingdom. 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. Clipper Logistics executive chairman Steve Parkin has cashed in shares worth 62.2m after selling more than 10% of the company he founded. 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. Steve Parkin, 55, is executive chairman of Clipper Logistics, a delivery business he founded in 1992. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. 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. 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. One of his first jobs was driving for Huddersfield's Bonmarche clothing company. Steve Parkin Net Worth His net worth has been growing significantly in 2020-2021. 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. Parkin has reportedly become frustrated by the fall in Clippers share price over the last year. 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 518,000GBX. See Steve Parkin's compensation, career history, education, & memberships. SS&C said it will keep Blue Prisms London HQ. 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. Clipper Logistics executive chairman Steve Parkin has cashed in shares worth 62.2m after selling more than 10% of the company he founded. 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. He holds and pursues strategic level discussions with major retailers. What is the salary of Steven Parkin? Parkin is a high-profile fan of Premier League club Leeds United, and has previously considered takeover bids of the club. 894646. There are no executives at Clipper Logistics Plc getting paid more. We have estimated Steve Parkin's net worth , money, salary, income, and assets. of the issued share capital of the Company immediately following Admission. GXO chief executive Malcolm Wilson said of the deal: This potential acquisition would enhance GXOs position as a successful pure-play logistics leader. Parkin who started out as a "man with a van" ranks 10th on the list of richest people in Yorkshire, according to Business Insider . There are 4 older and 1 younger executives at Clipper Logistics Plc. Steve has extensive experience of retail logistics particularly in fashion. It operates in 46 sites and 10 million square feet of warehousing space. [11], On 28 February 2022 GXO Logistics made a recommended offer for the company. Steven Nicholas Parkin is Executive Chairman of the Board of the Company. Parkin cashed in 2 million worth of shares, selling off 10 per cent of the company. John Menzies, the cargo group that works for airlines across the world, is going the same way. 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. So, how much is Steve Parkin worth at the age of 56 years old? He also owns a number of horses and is a keen racing fan. 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. In addition, Steve drives the Groups acquisition strategy. 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Registered in England No. The company operates through two segments, Value-Added Logistics Services and Commercial Vehicles. [12] In May 2022, it was announced the acquisition had been completed. 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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. Sign up in seconds, it's free! WebSteve Parkin is Chairman/Founder at Clipper Logistics PLC. In addition, Steve drives the Groups acquisition strategy. The 65-year-old purchased the Clippers for $2 billion in 2014. What is the salary of Steven Parkin? Some say the UK market simply undervalues British businesses, leaving them vulnerable to takeover from deep pocketed foreigners. 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. [3] The company was listed on the London Stock Exchange until it was acquired by GXO Logistics in May 2022. edit] edit] The mark puts the team sixth among NBA franchises despite having zero championships. Today, he owns an online logistics company named Clipper and is wealthy by 45 million (Rs 450 crore) last year alone. His net worth has been growing significantly in 2021-2022. 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. 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. He holds and pursues strategic level discussions with major retailers. We have estimated Steve Parkin's net worth , money, salary, income, and assets. Clipper agreed a two-year deal to become the official training kit sponsor and official logistics partner when the club secured promotion last summer. Steve Parkin and Sun Capital Partners are plotting a 300m bid to take Clipper Logistics private, Sky News can exclusively reveal. Funny enough, me and him had looked at City Link about a year before, to acquire it, but had walked away. 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. Last year private equity funds alone did 62 billion worth of deals for UK listed companies. Today his remaining 13.9% stake, after his 62m sale, is valued at around 80m. Today, he owns an online logistics company named Clipper and is wealthy by 45 million (Rs 450 crore) last year alone. A man who left school at the age of 16 with no qualifications is now a multi-millionaire. 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. Steve is the chairman of the Nomination Committee. Liberum set a target price of 375p for the FTSE All Share firm this morning, saying: A 300m valuation for Clipper would imply an April 2020E P/E of around 15x and EV/Ebitda around 8.5x. Parkin, who is executive chairman of Clipper, holds a stake worth around a third of the firm, which provides delivery services for online retailers like Asos and John Lewis. Click here to sign up to receive our new South West business news TheBusinessDesk.com 2008 - 2023. Sign up Parkin who started out as a "man with a van" ranks 10th on the list of richest people in Yorkshire, according to Business Insider. Subscribe to the City A.M. newsletter to have our top stories delivered directly to your inbox. [10], In May 2020, the company donated a refrigerated trailer to the food bank run by Leeds United Foundation and Leeds City Council. Steve Parkin is telling an anecdote to explain how he has turned Clipper Logistics into a retail distribution empire worth 430m. Steve Parkins income source is mostly from being a successful . 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? The company is also involved in online retail activities; and operates agency for leasing commitments. 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. of the issued share capital of the Company immediately following Admission. Clippers share price also rebounded strongly since the market fall in March. 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. As the Executive Chairman of the Board of Clipper Logistics Plc, the total compensation of Steven Parkin at Clipper Logistics Plc is GBX518,000. It has 47 sites across Europe. He is from United Kingdom. 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. Clipper Logistics plc was founded in 1992 and is headquartered in Leeds, the United Kingdom. He is the ninth person to reach that milestone. Steven Parkin Net Worth Steven Parkin biography. 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. Steve Parkin founded Clipper Group in 1992 with one van delivering clothing for fashion stores. 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. Steven Nicholas Parkin is Executive Chairman of the Board of the Company. 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. It has 47 sites across Europe. Fund managers worry that the UKs ability to harness and grow small firms into big ones is at risk. He made 30m from the company when it floated in 2014 and still owns 31.6 per cent. He is from United Kingdom. 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. 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 Logistics was founded in 1992 by Steve Parkin, a former coal miner who started the business with just one truck in Leeds. Steve Parkin Net Worth His net worth has been growing significantly in 2020-2021. However, the board and Sun Capital were unable to agree terms, consequently, both sides agreed to terminate discussions. He joined the company in 1980 and was the CEO from 2000 to 2014. The pictures behind are by a Polish arist and tell a story of football violence, reminiscent of the 1970s. of the issued share capital of the Company immediately following Admission. The company is also involved in online retail activities; and operates agency for leasing commitments. Steven Nicholas Parkin is Executive Chairman of the Board of the Company. Steve is the ultimate controller of the Major Shareholder which will hold 34.80 per cent. The company operates through two segments, Value-Added Logistics Services and Commercial Vehicles. He is from United Kingdom. Get involved in exciting, inspiring conversations with other readers. The fund and trust-based savings accounts that have made a mint since 1999, Octopus hits back at challenge to Bulb deal arguing it was more nimble than rivals, Flutter shares tumble after World Cup wins knock profit, Can fintech thrive outside of London? Sign up for exclusive newsletters, comment on stories, enter competitions and attend events. Steve is the chairman of the Nomination Committee. 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. Steve in his office, which boasts a 30,000 Walter Knoll desk. Please, Yorkshireman Steve Parkin started Clipper Logistics with only one van, Steve Parkin at his 300-acre Harrogate estate: the 56-year-old says old friends stop him behaving like Big-Time Charlie. Sign up in seconds, it's free! This documentary-style series follows investigative journalists as they uncover the truth. As Executive Chairman, Steve is responsible for the strategic direction of the Group. Last updated: 1 March 2023 at 11:00am EST. Steve is the ultimate controller of the Major Shareholder which will hold 34.80 per cent. WebSteve Parkin Net Worth. I remain as confident and focused as ever in the future growth prospects of Clipper, said Parkin. When the pandemic hit, Clippers shares fell to 135p, valuing Parkins entire stake at less than 35m. Steve Parkin, 55, is executive chairman of Clipper Logistics, a delivery business he founded in 1992. The company is also involved in online retail activities; and operates agency for leasing commitments. WebAccording to our Database, He has no children. What is the salary of Steven Parkin? 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.. Steve Parkin is telling an anecdote to explain how he has turned Clipper Logistics into a retail distribution empire worth 430m. 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. I get a phone call. There are no executives at Clipper Logistics Plc getting paid more. 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. 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. It will delist from the London Stock Exchange in March. Clipper said the sale was part of an estate planning exercise and to improve the liquidity in the companys shares. 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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 GBX518,000. His net worth has been growing significantly in 2021-2022. Isa do! Steve Parkins income source is mostly from being a successful . His net worth has been growing significantly in 2021-2022. So, how much is Steve Parkin worth at the age of 56 years old? This account already exists. John Lewis have a problem., The parcel carrier City Link was about to go bust, Parkin was told. 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. So, how much is Steve Parkin worth at the age of 56 years old? [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. As Executive Chairman, Steve is responsible for the strategic direction of the Group. Clipper's stock market flotation in May 2014, at 100p a share, valued the business at 112.5million. Its workforce increased by 2,000, bringing the total employees at the firm to 10,000. The pictures behind are by a Polish arist and tell a story of football violence, reminiscent of the 1970s. Steven Parkin Net Worth Steven Parkin biography. Over the last year, we have demonstrated our ability to act quickly and effectively to solve complex challenges for our clients, and the growth we have delivered through this period is testament to Clipper's leading position in the eCommerce logistics market," he said in January. The pictures behind are by a Polish arist and tell a story of football violence, reminiscent of the 1970s. With allies support he could command 40 per cent of the companys voting stock in favour of his bid, Sky News reported. Read more: Clipper founder to table 300m takeover bid. [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. 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. 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Over the last year we have demonstrated our ability to act quickly and effectively to solve complex challenges for our clients, and the growth we have delivered through this period is testament to Clippers leading position in the ecommerce logistics market.. However, neither party has so far confirmed a figure for any offer, while Clipper did not confirm Parkins alleged involvement. As the Executive Chairman of the Board of Clipper Logistics Plc, the total compensation of Steven Parkin at Clipper Logistics Plc is GBX518,000. (124302954), Steve Parkin cashes in 62m Clipper stake, Bakery finds recipe for growth in pandemics aftermath, Green light for 210m town centre regeneration, Professional services firm to buy East Anglian financial planners. Clipper has been one of the business winners of the coronavirus crisis, having benefitted from the rise in online sales throughout the pandemic. Steve Parkin, 55, is executive chairman of Clipper Logistics, a delivery business he founded in 1992. [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. Will His AI Plans Be Any Different? It has 47 sites across Europe. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Parkin who started out as a "man with a van" ranks 10th on the list of richest people in Yorkshire, according to Business Insider . Clipper Logistics plc, together with its subsidiaries, provides value-added logistics services to the retail sector in the United Kingdom and rest of 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. Steve Parkins income source is mostly from being a successful . Clipper Logistics plc, together with its subsidiaries, provides value-added logistics services to the retail sector in the United Kingdom and rest of Europe. Steve Parkin Net Worth His net worth has been growing significantly in 2020-2021. 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. WebAccording to our Database, He has no children. There are no executives at Clipper Logistics Plc getting paid more. Today, he owns an online logistics company named Clipper and is wealthy by 45 million (Rs 450 crore) last year alone. Please, The subscription details associated with this account need to be updated. 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. [23], Clipper has been a sponsor of Leeds United football club since 2017.[24]. Additionally, it sells new and used commercial vehicles, as well as parts; and operates servicing and repair facilities.