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, […]
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Knights of Old (KOO) was founded in 1865 by William Knight with a single horse and cart, and has grown steadily and today runs 169 trucks and 185 trailers. The modern history of the company really starts in 2000, when it moved to its present base on a ten acre site in Kettering, which now includes 120,000sq ft of warehousing. In 2011 the company took another big step forward with the merger with Northampton-based Mainland Group, adding around £10m revenue […]