Lincolnshire’s Benton Bros (Transport) saw its losses deepen last year, despite turnover increasing by 8% in the year ending 31 January 2023.
The haulier, which provides logistics and transport solutions to the construction and distribution sectors, reported a turnover of £12.8m during the period - up from £11.8m the previous year.
However, it was unable to reverse the £190,000 pre-tax loss it made in the year ending January 2022, instead seeing it slide further to a £409,000 loss.
In a brief review of its business, the company said it was “pleased with the trading results even after the rise in fuel costs.”
Benton Bros holds two licences in the North East and Eastern traffic areas, with operating centres in Sibsey, Grantham and Immingham, authorising HGVs from two to 68 HGVs.
MD Martin Benton did not respond to a request for a comment.
“The company operates in a challenging economic climate in which the price expectations of our customers have to be balanced against inflationary pressures, particularly in relation to fuel prices,” the review added.
“The company intends to continue to expand its client base at the Immingham site.”