Decision to prune contracts pays off for Rhys Davies and Sons


 

Rhys Davies and Sons’ decision to ditch its unprofitable accounts last year has been vindicated, the Cardiff-based logistics and warehousing company said in its latest annual results. Reporting for the year to 31 August 2016, the firm, which trades as Rhys Davies Logistics, said that while turnover fell by more than 10% to £37.5m (2015: £41.7m). Pre-tax profit rose in the same period by more than 8% to £405,453 (2015: £374,567). Rhys Davies finance director Stephen Thomas said: “This performance […]