Seventy-five jobs have been lost at a parcel hub in Newport after its company collapsed into administration. Tuffnells Parcels Express, which has 33 depots across the UK, entered administration on Monday, June 12, with more than 2,000 jobs at risk across the UK.
Administrators appointed this week said the company, which is headquartered in Sheffield and specialises in handling items of irregular dimension and weight across 160 countries, had experienced "intense pressure on cashflow" in recent weeks due to "significant inflation" and a competitive market, resulting in its collapse.
All Tuffnells deliveries have been suspended and its hubs closed until further notice, with joint administrators, Rick Harrison and Howard Smith, from Interpath Advisory, confirming that all 75 people working at its Rogerstone hub had been made redundant. The majority of Tuffnells' 2,200 staff in the UK have lost their jobs. You can get more Newport news and other story updates straight to your inbox by subscribing to our newsletters here.
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Anyone awaiting a Tuffnells parcel is asked to log into their customer portal on the company’s website to receive further information on how to retrieve their goods. Customers are advised to contact customerrelations@tuffnells.co.uk with queries.
Rick Harrison, managing director at Interpath Advisory and joint administrator, said: “Tuffnells is one of the UK’s most recognisable logistics companies, providing delivery services to over 4,000 businesses across the UK under its ‘The Big Green Parcel Machine’ brand. Unfortunately, the highly competitive nature of the UK parcel delivery market, coupled with significant inflation across the company’s fixed cost base in recent times, has resulted in the company experiencing intense pressure on cashflow.”
Mr Harrison continued: “Today’s news will be particularly devastating for Tuffnells’ 2,200 dedicated employees. Regrettably, with deliveries suspended and with no prospect of them resuming in the immediate term, we have had to make the majority of staff redundant. Our utmost priority will be to provide all those impacted with every support they need in making claims to the Redundancy Payments Office and minimising disruption to customers.”
Howard Smith added: “Customers are advised that all transport hubs and depots have been closed until further notice. Our team will be making contact with customers over the coming days to arrange parcel collection.”
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