Clipper Logistics executive chairman Steve Parkin has cashed in shares worth 62.2m after selling more than 10% of the company he founded. As the Executive Chairman of the Board of Clipper Logistics Plc, the total compensation of Steven Parkin at Clipper Logistics Plc is GBX518,000. He is the ninth person to reach that milestone. Steve Parkins income source is mostly from being a successful . The company operates through two segments, Value-Added Logistics Services and Commercial Vehicles. 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. There are 4 older and 1 younger executives at Clipper Logistics Plc. As Executive Chairman, Steve is responsible for the strategic direction of the Group. We have estimated Steve Parkin's net worth , money, salary, income, and assets. As the Executive Chairman of the Board of Clipper Logistics Plc, the total compensation of Steven Parkin at Clipper Logistics Plc is GBX518,000. Read more: Clipper founder to table 300m takeover bid. Steve, a fashion logistics specialist, founded the Group in 1992. Parkin could bag around 100 million. Steve Parkin cashes in 62m Clipper stake Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Steve in his office, which boasts a 30,000 Walter Knoll desk. It operates in 46 sites and 10 million square feet of warehousing space. The oldest executive at Clipper Logistics Plc is ChristineCross, 68, who is the Senior Non-Executive Independent Director. Parkin has taken advantage of a huge rise in the businesss share price to nearly halve his personal stake although he intends to remain a significant shareholder for the long-term in the Leeds-based business. The Maggie-loving former miner who wants James Anderson, a fund manager at the huge Scottish Mortgage Investment Trust has called this a huge potential blow to London. GXO chief executive Malcolm Wilson said of the deal: This potential acquisition would enhance GXOs position as a successful pure-play logistics leader. 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. WebSteve Parkin is Chairman/Founder at Clipper Logistics PLC. WebSteve Parkin is Chairman/Founder at Clipper Logistics PLC. His net worth has been growing significantly in 2021-2022. Parkin Net Worth My Money: Steve Parkin, delivery firm tycoon There are no executives at Clipper Logistics Plc getting paid more. 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. It offers e-fulfilment, returns management, multichannel, technical services, warehousing, urban and retail consolidation, secure logistics, transportation, port deconsolidation logistics, and contract packaging services. You can opt-out at any time by signing in to your account to manage your preferences. 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.. [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. It will delist from the London Stock Exchange in March. Parkin Net Worth 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. Get involved in exciting, inspiring conversations. Steve Parkins income source is mostly from being a successful . worth WebSteve Parkin Net Worth. The company operates through two segments, Value-Added Logistics Services and Commercial Vehicles. John Menzies, the cargo group that works for airlines across the world, is going the same way. So, how much is Steve Parkin worth at the age of 56 years old? [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". 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. 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. Registered office: 1 London Bridge Street, SE1 9GF. The company is also involved in online retail activities; and operates agency for leasing commitments. The pictures behind are by a Polish arist and tell a story of football violence, reminiscent of the 1970s. [12] In May 2022, it was announced the acquisition had been completed. Will His AI Plans Be Any Different? 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 GBX518,000. GXO chief executive Malcolm Wilson said of the deal: This potential acquisition would enhance GXOs position as a successful pure-play logistics leader. 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. 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. 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 Discussions regarding a possible offer took place between the parties, and the views of a number of independent Clipper shareholders were sought. There are no executives at Clipper Logistics Plc getting paid more. inside story on Steve Parkin's lavish Leeds penthouse He is from United Kingdom. My Money: Steve Parkin, delivery firm tycoon GXO chief executive Malcolm Wilson said of the deal: This potential acquisition would enhance GXOs position as a successful pure-play logistics leader. Fashion logistics firm Clipper's shares The oldest executive at Clipper Logistics Plc is ChristineCross, 68, who is the Senior Non-Executive Independent Director. 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. Steve Parkin, the fashion distribution mogul: from the Registered office: 1 London Bridge Street, SE1 9GF. 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. Steve has extensive experience of retail logistics particularly in fashion. Isa do! He made 30m from the company when it floated in 2014 and still owns 31.6 per cent. It has 47 sites across Europe. There are no executives at Clipper Logistics Plc getting paid more. 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. who dropped out of school at Start-up eyes US expansion following inclusion in prestigious Business productivity scheme launched to help SMEs thrive, Cinema and leisure development coming to shopping centre, Consultancy secures place on eight-year framework with water utility group, Healthy partnership for property specialist, People: Safestyle UK; LCF Law; Prosura; and more, People: KPMG; Switalskis Solicitors; Women in Property Yorkshire & North East; and more, People: Roxy Leisure; Wrigleys Solicitors; Huddersfield Unlimited; and more, Growth rocketing at innovative software business, Expansion limbers up growth in revenue and profit at Pure Gym, Culture at the heart of fast growing multi-million-pound-turnover beauty business, Portakabin delivers training facility for Premier League club, New housebuilder launches focused on single-family market in North and Midlands, Third of fleet at bus company depot to be fully electric by 2024.