R Swain & Sons delivers turnover hike and profit growth

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R Swain & Sons defied “considerable” customer and competitor pressure to deliver a 10% rise in turnover last year, according to the firm’s latest annual results. Publishing its accounts for the 12 months to 31 December 2016, the Kent-based group revealed a rise in turnover to £45.9m (2015: £41.5m) with pre-tax profit increasing to £2.8m (2015: £ 2.7m). The company spent £1.5m on acquisitions in the period, including the purchase of Derby-based Jeffrey’s Haulage for an undisclosed sum in July. In […]