Benton Bros made a £282,000 pre-tax loss shortly before it sold off its haulage division earlier this year, newly filed accounts showed.
The Lincolnshire firm managed to stem its losses after recording a £448,000 pre-tax loss in 2023, but turnover also reduced by 11.8% to £9.4m in the year ending 31 January 2025.
However, it said it had increased its gross profit margin to 8.9% from 7.2% in the previous year.
The company provided logistics and transport solutions to the construction and distribution sectors.
Within its financial results, the company said: “Due to the pending retirement of Mr M J Benton, the decision was taken to dispose of the haulage activity and subsequently the Immingham depot post 31 January 2025.
“The sale included the transfer of the employees and majority of the haulage equipment.
“The injection of funds has enabled the repayment of all of the company’s debt.
“The company continues to have a trading income in the form of storage and handling and still operates from the Sibsey depot,” it added.
The haulier held licences in the North East and East traffic areas and operated 60 and 70 HGVs in each area respectively.
Benton did not respond to our request for a comment.
