A property revaluation was responsible for scuppering the bottom line at Bradford-based Expect Distribution in the year to the end of November 2012. It was enough to turn the previous year’s profit before tax of £432,500 into a loss of more than £943,700, despite a 14% rise in turnover from £15.8m to £18.1m. The revaluation, which yielded a £3.2m drop in the value of the firm’s freehold, was allocated to a £1.5m provision the firm had for it on its […]
Temperature controlled supply chain specialist Nagel Langdons saw its turnover increase by 11% year-on-year, but its margins contract slightly as it sought to maintain service levels for customers.
Stobart Group says it has seen no significant improvement in its transport business’s fortunes, since it warned of tough trading conditions at the end of June. In a pre-close statement the company, which has just announced it will be increasing its hybrid truck fleet, says the UK recession is dampening growth within transport. While the majority of the Eddie Stobart transport business has progressed well, the restructuring of the chilled business alongside bad simmer weather has resulted in losses. Stobart, […]
Advanced Processing, which trades as Advanced Supply Chain, took another step towards its target of £100m turnover by 2016, after a revealing a 57% rise in its most recent financial year. For the 12 months ending 30 June 2012 turnover rose to £28m, from £17.5m in the previous 12 month period. The garment processing specialist also increased its profitability, revealing a pre-tax profit of £1.1m compared to £508,333. In setting its £100m target for 2016, the Bradford-based operator has stated […]