ECM (Vehicle Delivery Service) enjoyed a strong 2016 as UK car sales boomed delivering a 12% rise in pre-tax profit, but has warned of tough times ahead. Vehicle transporter ECM’s latest annual accounts show a 4.4% rise in turnover to £102m (2015: £98m) and a 12% increase in pre-tax profit to £1.3m (2015: £1.1m) in the year to 31 December 2016. ECM’s delivery volumes have risen strongly over the past three years, up a third (34%) while average employee numbers […]
AKW Group saw its annual pre-tax profit climb by more than 60%, despite a £600,000 write off, after it delivered better-than-expected sales at its transport, warehousing and contract packaging businesses.
Howard Tenens remains confident that it is “well positioned” to grow its business, despite posting a 15.4% drop in pre-tax profit last year.
Despite selling a majority share to Rico Logistics in January last year and exiting its Company Voluntary Agreement (CVA) early, Circle Express made a loss last year.