Costs associated with the opening of a new cold store last October at Boroughbridge, Yorkshire-based food logistics specialist Reed Boardall Group had a significant effect on the firm’s pre-tax profit for the year, it has emerged. The group’s latest accounts reveal a 5.7% increase in turnover for the year to 31 March, from £55.1m to £58.3m, but a 35% fall in pre-tax profit from £5.4m to £3.5m. Commenting on the results, the firm’s directors said utilisation of the new […]
Some of road transport’s biggest companies could face a hit to their cash flow after the chancellor signalled he was bringing forward corporation tax deadlines forward yesterday.
City Link’s profit and volumes suffered as it fell victim to lower than expected demand during the Olympic Games. The parcel firm posted a turnover of £76.2m for the three months ending 30 September, a 2.4% increase on the same period in 2011. It is the first time City Link has reported year-on-year growth in the last five years, Managing Director Dave Smith said. It made an adjusted operating loss of £5.5m in the third quarter, a 19.1% rise on […]
Union Unite has said that it is looking to work in a “positive and constructive manner” with the management at AM Widdowson & Son after it emerged that a recovery plan at the Leicester haulier would involve 50 redundancies.