As a company grows, it inevitably reaches the stage where duties of managing and running it become greater. In the last two years Ital Logistics has grown from a headcount of 28 to 40, plus an additional 9 with the newly formed sister company Ital Transport (UK) Ltd which focusses on UK domestic transport.
After some 22 years at the helm, and not getting any younger, Dianne and I had started a couple of years ago considering a graduated reduction in our involvement in the running of the company. In considering this, our primary objectives were; to ensure the stability of the company by continuity, brand retention, organic growth, and above all, job security for all our colleagues.
We are therefore pleased to announce that we have concluded on a 75% management buyout of our shareholding to management team; Dean Emsley, Ashleigh Morris, Mike Whitney, James Mears and Kurtis Rees.
The sale of holding company Ital Holdings (UK) Ltd consists of both Ital Logistics Ltd and sister company Ital Transport (UK) Ltd to Ital Holdings Management Ltd. Dianne and I retain a 25% shareholding in the new founded holding company. Dean Emsley takes over as Managing Director of Ital Logistics, whilst I adopt the role of Group Chairman.
The new management team have big ambitions, drive and new ideas, all with the aim of taking the company on a continued positive trajectory. Dianne and I are confident that between them, and with the continued support of all around them, they will achieve their goals
Whilst there may be changes in structure, we are still the same people. Our service will continue in the same way, always aiming to provide a quality, reliable and personalised service with openness, honesty and integrity. This mantra has served us well for the last 22 years and shall continue to do so for many years to come.
It has been a tough couple of years, what with the Pandemic and Brexit, but everyone in the company has worked tirelessly to keep going and adapting to the new regime post-Brexit. The investment in software and additional colleagues has aided growth, and further investment is planned for possible expansion in the next couple of years.
Over the next year or two I shall gradually reduce my day-to-day involvement as I help the management team adjust to their new roles and responsibilities. Saying that, I expect I’ll always be involved to some extent. They don’t get rid of me that easily!
Phil Denton, Group Chairman