Unexpected behaviour by supermarket customers, alongside the closure of its operating base in the Europe, led to a fall in turnover and pre-tax profit at Fowler Welch. For the year-ending 31 March 2014 turnover at Fowler Welch, a division of Dart Group, dipped to £153.2m, from £155.2m in the previous year. Pre-tax profit fell from £4.4m to £3.3m. The temperature-controlled specialist said that the fall in turnover was primarily due to the closure of its European depot in the Netherlands. […]
Last week, Dart Group revealed a near to 13% pre-tax profit rise for its transport operation, Fowler Welch. Off the back of this, which saw profit climb from £3.9m to £4.4m for the year ended 31 March 2013 at Fowler Welch, its group share price has continued to move northwards, today leaping to £2.40, up from £2.14 last week.
Despite the tough economic climate opportunities exist for well structured and focused medium sized hauliers, according to David Inglis, former MD and chairman of Fowler Welch. Having been one of the original shareholders in Fowler Welch, Inglis saw the company achieve it first £1m turnover and believes the key to success is hands-on management, tight cost control and a relentless pursuit of operational excellence. The operational flexibility that smaller/medium size business can offer can set them apart from the world […]