Pressure on rates has led to Felixstowe-based container specialist Macintyre Transport reporting a 9% fall in pre-tax profit despite a near 11% rise in turnover. Turnover in the year to 30 April 2012 rose from £19.3m to £21.4m due to organic growth, said chairman Harvey Macintyre; pre-tax profit, however, fell from £895,000 to £813,000. Much of the profit slide was attributable to stagnant rates, said Macintyre. “We have been very proactive in taking costs out of the business since 2008, […]
Container haulier Goldstar Transport saw an 8.6% increase in turnover and a pre-tax profit rise of 35% in the 12 months ending 31 July 2012. The Felixstowe-based haulier, which has depots in Tilbury, Rochester, Southampton, Bristol, Liverpool, Birmingham and Wakefield, said in its annual report that turnover rose from £65.4m in the previous financial year to £71m. Pre-tax profit increased to £2.1m from £1.6m in 2011. In the report the firm added that gross profit margin had increased to 11.5%, […]
Wincanton is now a “very different organisation” to what it was a few years ago, as the company increased turnover, more-than doubled pre-tax and continued to reduce its net debt in financial year 2013.
Average turnover for the Motor Transport Top 100 rose by 4.3% year-on-year, and pre-tax profit rose 29.6% in the same period, as the largest third-party logistics businesses in the UK put the impact of the recession firmly behind them.