Cold store costs impact on Reed Boardall pre-tax profit


 

Costs associated with the opening of a new cold store last October at Boroughbridge, Yorkshire-based food logistics specialist Reed Boardall Group had a significant effect on the firm’s pre-tax profit for the year, it has emerged.   The group’s latest accounts reveal a 5.7% increase in turnover for the year to 31 March, from £55.1m to £58.3m, but a 35% fall in pre-tax profit from £5.4m to £3.5m. Commenting on the results, the firm’s directors said utilisation of the new […]