Hargreaves Services is to “ration” expenditure in its logistics division after it suffered a 91% fall in operating profit last year due to competitive pressure. Operating profit plunged from £1.2m to £100,000 in the year to 31 May 2017, as turnover dropped 11% to £48m (2016: £54.4m). It said this reflected its transition from a focus on coal movements to more diverse volumes in the waste, construction and biomass sectors, as well as pressure on subcontractor margins. Hargreaves said the […]
The cost of rolling-out and running Whistl’s end-to-end final mile delivery service had exceeded £10m by the end of 2014, newly published accounts reveal.
New business, better marketing and an emphasis on streamlining appear to have paid off for Cumbrian firm Stalkers Transport Services, which posted a pre-tax profit of just under £35,000 for the year to 30 September after two years of heavy losses. Turnover fell from £6.7m in the previous financial year to £5.7m, but it made a profit compared to a loss of nearly £125,000 the previous financial year and an even more hefty loss of nearly £290,000 the year before […]
Operator EM Rogers saw its pre-tax profit soar last year in the wake of low fuel prices and a strong pound against the euro, but said the UK’s vote to leave the EU could now prove costly to its operation.