Lenham Storage saw both turnover and profit increase last year, despite a jump in the cost of sales. The group’s latest accounts, incorporating its subsidiary Lenham Storage (Southern), reveal turnover in the year to 31 August 2016 increased 9.5% to £46.2m (2015: £42.2m). The firm’s pre-tax profit increased by 11.7% to £1.2m (2015: £1.0m) in the period despite driver shortages – consistent with its experience last year – and the introduction of the living wage in the year sending cost […]
Kent-based haulage group Lenham Storage saw only a modest increase in its profit last year due to the soaring price of fuel, despite a 17.6% rise in turnover across the group. Combined results for Lenham Storage Company and smaller sister-company Lenham Storage (Southern), which are published separately, show that turnover rose from £24m to £28.2m for the year-ending 31 August 2011. However, pre-tax profit only rose from £562,174 in 2010 to £591,263 (5.2%) in the period. A spokesman for the […]
Lenham Storage walked away from nonviable business last year rather than compromise its service standards, but the operator’s MD has warned that there has been no let-up in rate pressure since.
Lenham Storage enjoyed a ‘successful’ year’s trading in the 12 months to 31 August 2015, but the driver shortage remained a challenge.