Gist blamed one-off pension costs and retailers’ squeezing of supply chain providers for a 23% fall in pre-tax profit last year, but it still saw turnover rise by 7.2%. For the year ended 31 December 2011 pre-tax profit fell to just under £18.8m, from £24.5m the previous year. However, turnover rose 7.2% year-on-year from £379m to £406m. Gist chief executive Martin Gwynn told Motortransport.co.uk: “Business performance remains robust. Excluding the effect of the one-off pension charges, profit increased year-on-year despite […]
The acquisition of House of James by Potter Logistics last year has helped contribute to a 52% growth in turnover for the York-based firm.
NWF Group, which owns Nantwich-based food logistics firm Boughey Distribution, has said its performance during the current financial year will be “significantly ahead of current market expectations”.
Yodel has missed its self-set target of delivering a first ever profit in its most recently completed financial year, according to newly published accounts.