Jack Richards and Son boosted turnover by 14% and pre-tax profits by 7% in 2016, aided by stable fuel prices and an efficiency drive. Reporting its annual results to 31 March 2016 the Norfolk-based company said turnover had grown to £40.6m (2015: £35.5m) with pre-tax profit reaching £1m (2015: £951,007). MD Peter Brown told Motortransport.co.uk: “Our growth is mostly about looking at internal efficiencies and working that little bit harder.” An efficiency drive at the company included introducing telematics to […]
Confidence among logistics operators has surged in the last six months with nearly 85% expecting their turnover to increase during 2014, a new survey has shown.
The RAC has called on all major political parties to say in the run-up to the next general election what they intend to do about four key transport concerns – the high cost of fuel, the poor state of the UK’s roads, the need for better enforcement of driving behaviour, and the issue of expensive and inadequate parking facilities.
Gist blamed one-off pension costs and retailers’ squeezing of supply chain providers for a 23% fall in pre-tax profit last year, but it still saw turnover rise by 7.2%. For the year ended 31 December 2011 pre-tax profit fell to just under £18.8m, from £24.5m the previous year. However, turnover rose 7.2% year-on-year from £379m to £406m. Gist chief executive Martin Gwynn told Motortransport.co.uk: “Business performance remains robust. Excluding the effect of the one-off pension charges, profit increased year-on-year despite […]