Felixstowe container firm Goldstar Transport has promoted Steven Jones to its board. Jones is currently a director at parent company Goldstar (Felixstowe), and is engaged in an ongoing management buyout (MBO) from the transport firm's existing directors Matthew Ashworth and Simon Day.
At present there is no indication of when the MBO of the 200-truck haulier will be completed. In its last set of accounts to 31 July 2007, Goldstar recorded pre-tax profit of £2.75m on a turnover of £42.8m. It's directors say they are confident that turnover will continue to grow this year.