Despite new business wins and growth in average storage volumes, turnover at Boughey Distribution remained flat last year.

In its annual results for the year ended 31 May 2014, parent company NWF Group revealed that Boughey, its food distribution division, signed a number of long-term contracts during the year, boosting storage volumes at the business.

NWF claimed overall storage levels at Boughey reached an average of 97,000 pallets during the year, compared to 93,000 the year before, but total loads were at a similar level to 2013.

Operational efficiency at Boughey also improved last year after it consolidated operations from Deeside into its Wardle, Greater Manchester facility.

Despite the volume growth, turnover in the division remained flat at £36.4m for the year, while operating profit grew from £1.2m in 2013 to £2m.

Its own-account fuel business  suffered a dip in turnover to £340.6m (2013: £356.3m), due to reduced demand for heating oil during the warmer winter and spring compared to previous years. Operating profit also fell to £4.4m to £3.2m.

It claimed the business focused on improving operational efficiency and worked hard to increase gas oil sales. As a result, NWF Fuels “recovered to sustainable levels of performance”, it said.

NWF Group chairman Mark Hudson said: "I am pleased to report another successful year for the group after the record results in 2013. NWF has delivered results ahead of market expectations and has performed strongly in spite of some adverse market conditions."

Its own-account feeds operation also achieved "good results", it said.

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