CS Ellis sees dip in annual turnover after fall in customer demand


 

CS Ellis (Holdings) has reported a dip in turnover, after several key customers implemented cost-cutting measures and scaled back their warehousing requirements. However, the operator said the decrease had been largely mitigated by winning new work, as well as growth in its core transport business. Turnover for the year ended 30 June 2014 stood at £13.5m, down 2.7% on £13.9m the previous year. Pre-tax profit fell 31% to to £528,755 (2013: £768,436). Additional revenue of £555,114 was generated from the […]