Tuffnells Parcels Express Limited
Parcel Delivery · £178M turnover · Liquidation, June 2023 · Companies House #00319964
A 100-year-old parcel delivery business with £178M turnover. Fulcrums elevated Tuffnells to High Risk 35 months before liquidation, on the back of board-resignation cascades and a sequence of all-asset charges to lenders.
Signals detected
The pattern, in order.
- 1
CEO resigned 35 months before failure
- 2
Sales Director resigned 9 months before
- 3
Finance Director resigned 2 weeks before
- 4
3 ALL ASSETS charges to Leumi ABL over 18 months
- 5
HSBC ALL ASSETS charge 5 months before
- 6
12-event spike days detected
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