Owens has returned to profit after three consecutive years of losses, its latest financial results have revealed. The Welsh firm posted a pre-tax profit of £706,782 for the year ended 30 June 2012, up from a loss of £12,562 at the end of the previous year. Its pre-tax profit margin also rose to 1.9%, while turn-over jumped 11.9% to £36.7m (2011: £32.8m). 2012 was the first year since 2009 that the firm posted a pre-tax profit, after seeing losses of […]
Premier Logistics MD Lee Christopher has predicted the haulier will bounce back after two disastrous acquisitions and the end of its Pall-Ex work led to a £1m loss that triggered an emergency loan from its new network.
A company set up to buy the business and assets of Slough-based Mark Priestley SDT, which entered insolvency proceedings last year, has failed to make payments in line with the agreed terms, according to the administrator.
Pre-tax profit fell by almost a third at UK Mail in a year that saw the group move to a new hub and fit-it with incompatible parcel sorting technology.