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 […]
UK Mail Group is expecting a 13% increase in turnover for the first half of this year, as it moves into a “challenging” 2013. Excluding Royal Mail price hikes that came into force on 2 April, the group is expecting a 10% increase in turnover on last year’s figures, as revealed in its pre-close trading statement published today (9 October). The firm stated that its performance in the first half of this year, ended 30 September, was “satisfactory” and in […]
Wincanton has put in place a turnaround plan for its Pullman Fleet Services business after the segment delivered an “underwhelming” performance in its most recent financial year.