Turnover rises but profit falls at HW Coates


 

Leicester-based packaged chemicals logistics provider HW Coates Holdings has declared another rise in turnover for its last financial year but a significant decline in profits. In the year to 31 December, the group – which includes haulage and warehousing firm HW Coates, a majority stake in The Hazchem Network, and recently acquired document storage specialist Whitefoot Forward – raised overall turnover by 7% to £40.49m (2013: £37.84m). Pre-tax profit, however, fell just under 27% to £7.13m (2013: £9.76m). The rise […]