Knights of Old results show strong performance despite fall in profit


 

Knights of Old delivered a “strong financial performance” in the year ended 31 May 2016 despite challenging market conditions, according to its annual report. Group turnover increased by 2% to £49.4m (2015: £48.4m). The strongest contribution came from warehousing, which saw revenue increase more than 30% compared with a flat performance within the firm’s transport operations (up 1% year-on-year). Knights of Old’s directors said they remained interested in further acquisition opportunities having welcomed Nelson Distribution to its group last year, […]