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 […]
Yodel made its seventh loss in a row in the year ended 30 June 2016, while its sister company Arrow XL saw its pre-tax profit leap by more than 500%.
Knights of Old has said it expects to “reap the benefits of larger economies of scale”, after a full year of trading incorporating its 2013 acquisition of AE Parker saw pre-tax profit and turnover rise.
Removals firm Pickfords suffered a small decline in turn-over and profit in the last financial year but still managed to keep well ahead of its performance two years ago.