Lynx duo plan buyout package
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• Two troubleshooters, brought in last year to stem £10.1m losses at parcels firm Lynx, are putting together a management buyout package for the NFC subsidiary.
However, Lynx managing director Philip Rose and opera tions director David Burtenshaw refuse to say if they are interested in buying the company, which has more than 1,000 vehicles at 30 sites.
Rose joined Lynx in March with 14 years experience at NFC. He transferred from NFC's commercial property rental and leasing division Hyperion Properties, where he was financial director. Burtenshaw joined at the end of May after 15 years in the parcels industry, including an 18-month stint as operations director at ANC.
The two have the right credentials to spearhead a buyout, according to city analysts. But NFC chief executive Peter Sherlock continues to deny there is a management buyout in progress at the Nuneatonbased firm.