Chilled food distribution specialist NFT has seen its turnover and pre-tax profit rise at the same time as signing a five-year refinancing package with HSBC. Turnover increased by 8% to £152.4m for the year-ending 31 March, from £140.9m a year ago. Pre-tax profit rose 60% from £1.4m to £2.2m. Its shared user transport network delivered an average of 39,000 pallets a week of food and general merchandise in the financial year, an increase of 40% year-on-year. A contract with an […]
Stobart Group is to discontinue its chilled operations “as a stand alone unit” insisting that the “change will not affect Stobart’s national network solution for customers”. In an interim management statement today (17 January), Stobart said the Eddie Stobart transport and distribution division continued to perform in an uncertain economic environment but its chilled operations remained very challenging. MT.co.uk understands that discontinuing the chilled operations – primarily the former Innovate Logistics business it acquired out of administration in July 2008 […]
Construction has begun on NFT’s new 230,000ft² distribution centre for food importers at the Port of Tilbury.
Fowler Welch is on course to achieve a stronger set of financial figures this year than last, the chief executive of its parent company has told MT.co.uk. Dart Group’s Philip Meeson said despite tough prevailing economic conditions, Fowler Welch continues to grow its business and prove that its service levels are attractive to customers. “We’re gaining more business and we’re very satisfied with the progress that is being made and the support we get from our customers,” said Meeson. “The […]