Knights of Old remains on the hunt for more acquisitions after turnover jumped during the first full year of trading following its integration of the Mainland Group. In its financial statement for the year ending 31 May 2013, Knights revealed a 38% increase in turnover to £44.3m (2012: £32.1m), which the directors said mainly reflected its merger with Northampton-based operator in December 2011. Pre-tax profit, however, fell by 37% to £1.6m, down from £2.7m in the previous year. The directors […]
SDC Trailers has been acquired by Chinese trailer manufacturer CIMC Vehicles for an undisclosed sum.
Bibby Distribution Services (Holdings) slipped into the red to the tune of almost £4m in the year to 31 December 2012, compared with a £4.5m operating profit the previous year.
Archbold Logistics tripled its pre-tax profit last year by mitigating the effects of Covid-19 and withdrawing from less profitable work.