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CityLink sold for £1

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"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:
“That old law about 'an eye for an eye' leaves everybody blind. The time is always right to do the right thing.”
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Comments

  • paulofessex
    paulofessex Posts: 1,728 Forumite
    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.
  • 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.
    "If you no longer go for a gap, you are no longer a racing driver" - Ayrton Senna
  • catmiaow
    catmiaow Posts: 5,954 Forumite
    1,000 Posts Combo Breaker
    They were terrible, still about time companies like this see bad service equals no customers.
    No you're not a vegetarian if you eat any animal or fish, so do not insult genuine veggies by calling yourself one! :mad:

    Thanks to everyone who posts competitions. You are the stars of the board :T:j:T
  • Gemma__3
    Gemma__3 Posts: 134 Forumite
    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
    antenna Posts: 1,776 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Sold for a pound,thats ok as long as it is not being delivered by Yodel.
    Political?....I dont do Political....well,not much!
  • vikingaero
    vikingaero Posts: 10,920 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    City Link are not known as Sh!tty Link for nothing.

    So how do you polish a turd?
    The man without a signature.
  • pmduk
    pmduk Posts: 10,681 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    If Citylink is worth £1, what would that value Yodel?
  • There isn't a coin small enough!
  • CoolHotCold
    CoolHotCold Posts: 2,158 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    You'd have to pay me to take Yodel off their hands.
  • catmiaow
    catmiaow Posts: 5,954 Forumite
    1,000 Posts Combo Breaker
    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.
    No you're not a vegetarian if you eat any animal or fish, so do not insult genuine veggies by calling yourself one! :mad:

    Thanks to everyone who posts competitions. You are the stars of the board :T:j:T
This discussion has been closed.
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