Clipper boss honoured for logistics work

Steve Parkin, executive chairman, Clipper Logistics
Steve Parkin, executive chairman, Clipper Logistics
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Clipper Logisitcs executive chairman Steve Parkin has received a lifetime achievement award honouring his contribution to the logistics sector over more than two decades.

Former miner and lorry driver Mr Parkin was handed the Sir Robert Lawrence Award by the Chartered Institute of Logistics and Transport, 23 years after he founded the Leeds-based distribution business.

Clipper launched in 1992 with a single vehicle and driver, providing warehousing and distribution services to high street retailers.

The company now has revenues of £234.8m and counts Asda, The John Lewis Partnership, Tesco, Morrisons, ASOS, New Look, British American Tobacco, and Philip Morris among its blue chip client base.

It has grown to include six million sq ft of warehousing space, over 3,000 full-time employees, and approaching 50 operating centres.

Clipper Logistics floated on the London Stock Exchange in June 2014, which Mr Parkin said has driven its management to “bigger and better things”. Its profits more than doubled from £3.9m to £9.5m in the year to April 30 2015, as its services - including multi-channel solutions - prove popular with retailers.

Mr Parkin now has a variety of business interests in and out of the logisitics sector. Following the Clipper IPO, he branched out into private equity by founding venture capital fund Knaresborough Investments, a fund that “helps other entrepreneurs achieve their goals”.

He has also backed the Central Square development in Leeds, which will provide over 200,000 sq ft of Grade A offices. Future tenants include PwC, which plans to move its 700-strong Leeds team to the site.