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. There are no executives at Clipper Logistics Plc getting paid more. 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. As the Executive Chairman of the Board of Clipper Logistics Plc, the total compensation of Steven Parkin at Clipper Logistics Plc is 518,000GBX. I remain as confident and focused as ever in the future growth prospects of Clipper, said Parkin. Subscribe to the City A.M. newsletter to have our top stories delivered directly to your inbox. GXO chief executive Malcolm Wilson said of the deal: This potential acquisition would enhance GXOs position as a successful pure-play logistics leader. His net worth has been growing significantly in 2021-2022. It offers e-fulfilment, returns management, multichannel, technical services, warehousing, urban and retail consolidation, secure logistics, transportation, port deconsolidation logistics, and contract packaging services. Steve has extensive experience of retail logistics particularly in fashion. 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 was founded in 1992 and is headquartered in Leeds, the 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. [3] The company was listed on the London Stock Exchange until it was acquired by GXO Logistics in May 2022. edit] edit] 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. And theyve got all the volume for John Lewis., Parkin nods to his finance director, David Hodkin, who is sitting beside him listening attentively. 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. [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. Clippers' Steve Ballmer Becomes 9th Person [14], Staff at the company warehouse in Ollerton, Nottinghamshire complained in March 2020 that they were "crammed into corridors" and given no hand sanitiser. [23], Clipper has been a sponsor of Leeds United football club since 2017.[24]. He is from United Kingdom. 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It floated in London in 2014 and boomed during lockdown as home shopping took off. He is from United Kingdom. In addition, Steve drives the Groups acquisition strategy. On this Wikipedia the language links are at the top of the page across from the article title. Steve is the chairman of the Nomination Committee. 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. Steve Parkins income source is mostly from being a successful . Steve Parkin, 55, is executive chairman of Clipper Logistics, a delivery business he founded in 1992. 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 is telling an anecdote to explain how he has turned Clipper Logistics into a retail distribution empire worth 430m. The shares have been rising every since Agility emerged as bidders today they were up 3p to 586p, still somewhat below the offer. Steve is the ultimate controller of the Major Shareholder which will hold 34.80 per cent. What is the salary of Steven Parkin? So, how much is Steve Parkin worth at the age of 57 years old? The board of Clipper Logistics notes the press speculation and confirms it has received a preliminary approach from Sun European Partners, LLP in relation to the potential acquisition of the entire issued, and to be issued, share capital of the Company, Clipper said in a statement today. He holds and pursues strategic level discussions with major retailers. It has 47 sites across Europe. As Executive Chairman, Steve is responsible for the strategic direction of the Group. Clipper Logistics plc was founded in 1992 and is headquartered in Leeds, the United Kingdom. He holds and pursues strategic level discussions with major retailers. One of his first jobs was driving for Huddersfield's Bonmarche clothing company. My Money: Steve Parkin, delivery firm tycoon Today, he owns an online logistics company named Clipper and is wealthy by 45 million (Rs 450 crore) last year alone. However, the board and Sun Capital were unable to agree terms, consequently, both sides agreed to terminate discussions. So, how much is Steve Parkin worth at the age of 57 years old? We have estimated Steve Parkin's net worth , money, salary, income, and assets. Last updated: 1 March 2023 at 11:00am EST. Steve Parkin Steve Parkin Each email has a link to unsubscribe. Clipper's stock market flotation in May 2014, at 100p a share, valued the business at 112.5million. Steve has extensive experience of retail logistics particularly in fashion. New powers to tackle small boats set to be announced next week, Elizabeth Hurley remembers cricketer Shane Warne on anniversary of his death, AI tools like ChatGPT could play role in government science minister, London buses: Annual journeys drop by 800 million since 2016, 300 new Ulez cameras rolled out but none in rebel boroughs, RAF jets scrambled after sonic boom over Leicestershire, Care worker loses 147 wages to look after own disabled child as teachers strike, Contributions to boost state pensions will still be considered after deadline, FTSE 100 Live: Persimmon, Aston Martin and Just Eat post results, house prices fall, Why Phoebe Smith wants to make the outdoors more inclusive, Trio of Americans who tried to smuggle drugs through Heathrow jailed, What is the Willow Project? [3] The company was listed on the London Stock Exchange until it was acquired by GXO Logistics in May 2022. WebAccording to our Database, He has no children. In 2020, his horse Eagles By Day won the John Smith's Cup at York. Steve Parkin Parkin is a Leeds United fan and says that he has considered taking over the club on more than one occasion in the past. Meanwhile, the government has dropped its probe into the 1.2 billion takeover of robot software group Blue Prism by Americas SS&C. The oldest executive at Clipper Logistics Plc is ChristineCross, 68, who is the Senior Non-Executive Independent Director. WebSteve Parkin Net Worth. Parkin could bag around 100 million. Clippers share price also rebounded strongly since the market fall in March. Sign up [12] In May 2022, it was announced the acquisition had been completed. inside story on Steve Parkin's lavish Leeds penthouse See Steve Parkin's compensation, career history, education, & memberships. Wallmine is a radically better financial terminal. 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. It has accepted a 558 million bid from Kuwaiti firm Agility. [13] According to GXO this will vastly increase the scope of its reverse logistics services, and provide a bridgehead into Germany. What is the salary of Steven Parkin? Clipper Logistics was founded in 1992 by Steve Parkin, a former coal miner who started the business with just one truck in Leeds. Parkin could bag around 100 million. 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. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. The company is also involved in online retail activities; and operates agency for leasing commitments. Sign up Sign up in seconds, it's free! My Money: Steve Parkin, delivery firm tycoon Wallmine is a radically better financial terminal. There are 4 older and 1 younger executives at Clipper Logistics Plc. 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. GXO chief executive Malcolm Wilson said of the deal: This potential acquisition would enhance GXOs position as a successful pure-play logistics leader. Sign up Fashion delivery player Clipper saw its shares soar in early trading after confirming a takeover approach from a private equity giant. Clippers' Owner Steve Ballmer Becomes 9th Parkin Net Worth The company reported its turnover had risen by 39.1 per cent this summer - to nearly 700 million. The oldest executive at Clipper Logistics Plc is ChristineCross, 68, who is the Senior Non-Executive Independent Director. It was Christmas Eve 2014 and he was on the beach in Barbados. He also owns a number of horses and is a keen racing fan. Parkin sold 11m shares at 565p-per-share, which is more than double their value a year ago. 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. 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. However, neither party has so far confirmed a figure for any offer, while Clipper did not confirm Parkins alleged involvement. Steve is the chairman of the Nomination Committee. 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. Steve Parkin, from Yorkshire in the UK, dropped out of school in 1992 and got a heavy goods vehicle (HGV) license and started driving for a living. Additionally, it sells new and used commercial vehicles, as well as parts; and operates servicing and repair facilities. Parkin who started out as a "man with a van" ranks 10th on the list of richest people in Yorkshire, according to Business Insider . Parkin could bag around 100 million. Clipper Logistics plc, together with its subsidiaries, provides value-added logistics services to the retail sector in the United Kingdom and rest of Europe. Registered office: 1 London Bridge Street, SE1 9GF. Parkin who started out as a "man with a van" ranks 10th on the list of richest people in Yorkshire, according to Business Insider . Steve Parkin, Clipper Logistics PLC: Profile and Biography From rags to riches: the story of UK logistics company's 943m sale John Menzies, the cargo group that works for airlines across the world, is going the same way. There are no executives at Clipper Logistics Plc getting paid more. Sun Capital Partners now has until 18 December to table a firm offer for Clipper. He is from United Kingdom. Steve, a fashion logistics specialist, founded the Group in 1992. 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.