Pre-tax profit at Brian Yeardley fell by nearly 50% in 2016, hit by a combination of migrant problems in Calais, unstable currency exchange rates and fleet investment. The operator’s pre-tax profit for the year was £368,000; down 48% on 2015’s £544,000. The main cause of this, MD Kevin Hopper told MT, was because it had to absorb more than £300,000 of extra costs as a result of the Calais migrant crisis. Hopper said: “We made the decision to ship through […]
Wincanton is confident in its growth prospects for the current financial year, as it begins to see the benefits from the disposal of its records management arm and the termination of loss-making contracts in its Pullman Fleet Services business.
The UK road transport sector saw a 20% surge in suppliers’ bad debts in the second quarter of 2017, according to the latest Creditsafe Watchdog Report.
Wincanton has put in place a turnaround plan for its Pullman Fleet Services business after the segment delivered an “underwhelming” performance in its most recent financial year.