Circle Express back in the red in period before sale to Rico Logistics


 

Despite selling a majority share to Rico Logistics in January last year and exiting its Company Voluntary Agreement (CVA) early, Circle Express made a loss last year. Reporting its results for the 17 months to March 2016, Circle Express, which runs more than 300 vehicles across eight airport depots, said it had “faced a challenging start to the period under review, with a downturn in trade, coupled with a significant increase in the fixed cost base of the company”. This […]