Pre-tax profit at Arcese UK fell over 30% in the year to the end of December, accounts posted at Companies House have shown. Turnover at the Thurrock-based firm, which runs around 80 vehicles, rose almost 1.7% during 2013 to £24.07m (2012: £23.67m) but profits before tax fell to just under £259,000 (2012: £372,000). The slide resulted in a profit margin of just 1.07% in the year, down from 1.57% in 2012. Arcese UK MD Keith Luetchford was not available for […]
Hargreaves Services is confident it can rebuild turnover and profit in its logistics business after the division suffered a 47% drop in operating profit to £2.3m last year.
Profit margins continue to be held back by customers’ reluctance to increase rates, John G Russell (Transport) chief executive, logistics, Alan Poulton has warned.
Eddie Stobart saw turnover and earnings grow in the first six months of its financial year, but the cost of refinancing, its stock market listing and the end of an Irish retail contract resulted in a pre-tax loss.