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 […]
Last week, Dart Group revealed a near to 13% pre-tax profit rise for its transport operation, Fowler Welch. Off the back of this, which saw profit climb from £3.9m to £4.4m for the year ended 31 March 2013 at Fowler Welch, its group share price has continued to move northwards, today leaping to £2.40, up from £2.14 last week.
Boughey Distribution parent NWF Group had a stable quarter of trading over the summer as it revealed that all customers have now been relocated to its Wardle, Manchester, DC.
Boughey Distribution enjoyed a solid year of growth despite cut-throat competition amongst the supermarkets, with its Palletline operation growing faster than expected.