S&S Distribution saw a 3.2% decrease in turnover in the financial year ending 31 July 2013, but experienced an upturn in fortunes during the latter half of last year. The Kent-based Palletline member saw turnover fall to £7.58m from the previous year’s £7.82m. Pre-tax profit also fell from £175,549 in financial year 2012 to £111,894. That equates to a profit margin for the year of 1.47%, compared to the previous year’s 2.24%. The company’s annual report states: “The majority of […]
A continued move from straight transport to logistics activities including warehousing, packing and freight forwarding helped Glasgow-based Gordon Leslie Group achieve a 20% rise in pre-tax profit in the year to 30 September 2012. Turnover in the year fell around 8% to £4.8m (2011: £5.2m), but profit before tax came in at just over £487,000 (2011: £405,000). MD Craig Leslie said the firm had made a “fairly conscious move” in the last two years to reduce its reliance on some […]
The chief executive of Ceva Logistics has said reporting a 22% year-on-year fall in profit “simply isn’t good enough” as it continues with further cost-cutting measures.