Mr. Emeka, the owner of Parcel King, came out to talk about his business and the ups and downs of it. He mentioned that his business has grown to a total of 100 fleets since its inception in Ireland.
However, in 2021, everything went downhill. He suffered losses and has been fighting to survive. In 2022, his insurance was removed for no reason. All his trucks are parked and not in use. Many of his trucks are still under finance, some fully paid.
He was scammed by the “god of insurance” who got away with 175,000 euros, and he was scammed of 350,000 euros respectively after acquiring another company called Nova Point. He has tried everything to stay afloat, but it’s not working. No one is willing to buy his trucks. He is also receiving threats because he owns this company.
What could be going on with Mr. Emeka? Is it a case of acquiring too quickly and not taking it easy, especially being in a foreign company? Is this a case of not following the rules in a company when it comes to business setup? How could he turn everything around?
Watch the video bellow