‘news’ Category

East Lancs Warehouse Firm Enters Administration

A warehousing and distribution firm based in Darwen, East Lancashire has gone into administration resulting in a total of 60 redundancies.

The warehousing company, which in 2010 enjoyed a turnover of £5.6 million, has been forced to close its doors, with assets being sold off in an attempt to retrieve funds in order to appease its creditors.

Paul Flint, an associate partner at KPMG, which is in charge of the administration proceedings, claimed that the company’s dependence on achieving larger than average contracts was in direct correlation with the decline of the business.

Having served consumers in the North West … Read More

India Warehousing Giant Receives Cash Boost

India’s Continental Warehousing Corporation is reportedly in line to receive $100 million of finance from the Warbus Pincus private equity fund, which has already pumped more than $2.2 billion into companies in the subcontinent over the past decade.

Continental Warehousing is based in Chennai and is part of the NDR group, one of the largest warehouse operators in India, whicn controls an estimated 100,000 square metres of warehouse floor space.

This financial injection will give Continental Warehousing the means by which to further cement its position as one of the strongest end-to-end logistics solutions providers in India, controlling a number … Read More

UK Warehouse Association Launches Irish Arm

The United Kingdom Warehousing Association, or UKWA for short, have just made public their creation of the AIWA, the newly formed All Ireland Warehousing Association.

Much like the UKWA, the AIWA is open to businesses who control their own warehousing and distribution operations, but with the main focus resting on the accommodation of all companies in the Republic Of Ireland and Northern Ireland that provide logistical support services and warehousing to the demand of the supply chain.

With offices operating out of County Mayo, this new Irish venture will be linked directly with the United Kingdom Warehousing Association.

In the … Read More

Developers Neglecting Warehousing

Warehouse No 1
Creative Commons License photo credit: corinne.schwarz

A recent report warned businesses of a potential shortage of warehouse space throughout Britain in 2011 due to a dearth of development.

Property consultants Lambert Smith Hampton’s (LSH) National Industrial and Distribution report said that in 2010 there was an 18.5 per cent increase in the amount of warehousing space in the UK compared to the previous year.

However, this warehouse space was swiftly snapped up by canny businesses and since then, there has been a lack of warehouse development in sought-after locations, such as East Anglia, the East Midlands, Greater London and the South-east, warned LSH … Read More

Warehousing Transport Firm Enters Administration

A transport firm which specialised in helping firms with their removals and warehousing has gone into administration, it was reported this week.

Lancashire-based Whittle Movers Limited has a fleet of 64 removal vehicles and 75 trailers, and has significant experience in warehousing matters.

It went into administration following a catastrophic drop in the volume of business and severe cash flow problems on 8 March, with 27 of its 33-strong workforce being made immediately redundant. The problem lay in a sharp reduction in orders from a major client, making the cash flow difficulties worse, according to Paul Flint and Brian Green … Read More

Bermondsey Warehouse to Become White Cube Art Gallery

217.365 Cubism
Creative Commons License photo credit: aetherealvoyager

Leading art dealer Jay Jopling, the name behind the prestigious White Cube galleries, has lodged a planning application to transform a derelict warehouse in south London into the latest must-see art gallery and exhibition space.

Jopling’s holding company, MYJ Services Ltd, has made the application to Southwark Council, to make the 2,278 square metre Bermondsey warehouse his fourth White Cube – the first being a small gallery in Duke Street, which opened in 1993 and is now no more, and the second being the larger White Cube in Hoxton Square. He more recently opened a third space … Read More

Cadbury Sells Massive Chilled Warehouse Complex

One of the biggest chilled warehouses in Europe was sold this week by chocolate giant Cadbury.

The massive distribution centre in Birmingham’s Midpoint Park went for £24.7 million to US-based Cabot Properties. At 403,000 square feet, the warehouse represents an excellent opportunity for any enterprise looking for chilled storage space in the UK, and is also the first time that Cabot has made a purchase in the British property market.

The sale was made by real estate brokers Hines, acting for its Pan-European Core Fund (HECF), which originally bought the warehouse from Cadbury in a sale and leaseback deal. The … Read More

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