Boughey Distribution parent NWF Group saw turnover at the division drop 14.2% last year and operating profit halved, due to difficult market conditions and poor consumer spending in supermarkets. Its financial results, published today, showed that turnover at the grocery distribution business fell to £36.4m for the year ended 31 May 2013 (2012: £42.4m), while operating profit halved to £1.4m, down from £3m in 2012. Despite winning some small contracts, the business had some spare storage space and volumes remained […]
Matlock Transport Company, the family run general haulier founded more than 70 years ago, has ceased trading. Insolvency practitioners from Sheffield-based Hart Shaw LLP were appointed on 11 September to help liquidate the business. The company was founded in 1946 by Richard Lowe, before brothers Eric, Alf, George and Charles took an active role and began to grow the business. Third generation cousins Julian and Richard Lowe were most recently at the helm and the Darley Dale company operated 46 HGVs and […]
Fred Sherwood & Sons (Transport) saw revenues grow by 2% to £34.6m last year, but the bulk haulage firm said Covid-19 had since had an adverse impact on the business.
The RHA is warning the government not to create fleets of stranded assets as it moves to phase out diesel powered HGVs.