CityLink sold for £1

PZH

"Pest control company Rentokil Initial has sold its parcel delivery firm City Link for £1, after years of losses."

http://www.bbc.co.uk/news/business-22335092

I think Better Capital paid too much :rotfl::rotfl:

paulofessex

This did make me chuckle.....what did they expect all those small business owners do to, just accept the the continued missed collections and not hot foot it to City Links competitors.

Just a shame the same management structure is remaining. Time for new blood l feel.

Rentokil acquired City Link in 2006, but City Link has lost money since 2007, including £26m in 2012.

It has struggled in the face of weakening demand for its services from small businesses.

Jeff_Bridges_hair

City Link were just terrible at times. So many deliveries were late for us or never turned up - we nearly lost a few contracts because of them and instead had to physically send one or two of our lads out to suppliers to pick stuff up.

catmiaow

They were terrible, still about time companies like this see bad service equals no customers.

Gemma__3

catmiaow wrote: »

They were terrible, still about time companies like this see bad service equals no customers.

and customers must realise cheap/free deliveries don't always get you the best carriers

antenna

Sold for a pound,thats ok as long as it is not being delivered by Yodel.

vikingaero

City Link are not known as Sh!tty Link for nothing.

So how do you polish a turd?

pmduk

If Citylink is worth £1, what would that value Yodel?

Silentmemory

There isn't a coin small enough!

CoolHotCold

You'd have to pay me to take Yodel off their hands.

catmiaow

Gemma_ wrote: »

and customers must realise cheap/free deliveries don't always get you the best carriers

True but I'd rather pay for delivery and get better service to be honest.