Palletline helps S&S Distribution back into the black


 

S&S Distribution has returned to profitability helped by its warehousing division and investment by new owner Palletline. Palletline bought network member S&S Distribution and S&S Warehousing, a separate firm to S&S Distribution, in May 2015. The deal, which was the pallet network’s first buy-out of a shareholder-member, saw profits fall after a goodwill write-down of £142,215, after a review of the company’s customer base. The write-down saw the firm’s pre-tax profits fall from £207,915 in the year to July 2014 […]