Fagan & Whalley blames driver shortage for profit drop


 

Fagan & Whalley has blamed the UK driver shortage for a near two-thirds fall in pre-tax profit. Reporting its annual accounts for the year ended 30 April 2015, the Meadway, Lancashire-based company’s results revealed that pre-tax profit fell 58% to £515,153 (2014: £1.2m). MD Stephen Fagan told Motortransport.co.uk that it had been “a tough year” for the company, which also has a site in Coventry. “We had a lot of issues because of the driver shortage, which led to a lot […]