Controlled temperature specialist Nagel Langdons increased turnover by almost 15% to £85m in the year ending 31 December 2013. The company also reported a 55% rise in pre-tax profit to £4.43m during the period, up from £2.85m in 2012. MD Arran Osman said the figures reflected a “continuation of natural growth” within its core market, but also that consolidation leading to fewer players had also played a part. He said Nagel Langdons, which changed its name from Langdon Industries in […]
City Link cut its first quarter losses by more than a third but remained loss-making ahead of its sale to turnaround investor Better Capital.
Pre-tax profit at Nagel Langdons took a hit last year as it saw an increase in lower-margin business.
Wincanton will be back in the black this financial year as the group’s extensive restructuring and disposals programme bears fruit. Wincanton chief executive Eric Born tells MT: “When [we] started this programme we said it would take two years to arrest the decline. We are bang on track. It’s absolutely what I’m expecting.” A year of restructuring and disposals saw it sell its European operations to focus on the UK and Ireland, dispose of its 20% shareholding in Culina Logistics […]