Prestons of Potto was back in the black in 2013, according to its recently published accounts. The MT Top 100 company, which is registered at Companies House as Richard Preston & Sons, recorded a pre-tax profit of £9,873 for the year to 31 December 2013. In 2012 the company made a loss of £237,965. Turnover at the Northallerton, North Yorkshire-based haulier slipped 3.3% to £18.9m compared with £19.5m a year earlier. In a statement Prestons said: “We are delighted that […]
The profitability of the Cartwright group was already on a “downward trajectory” before the advent of the coronavirus pandemic, with margins impacted by loss-making contracts, according to administrators.
Matlock Transport Company, the family run general haulier founded more than 70 years ago, has ceased trading. Insolvency practitioners from Sheffield-based Hart Shaw LLP were appointed on 11 September to help liquidate the business. The company was founded in 1946 by Richard Lowe, before brothers Eric, Alf, George and Charles took an active role and began to grow the business. Third generation cousins Julian and Richard Lowe were most recently at the helm and the Darley Dale company operated 46 HGVs and […]
Confidence among logistics operators in future business prospects has increased significantly in the past six months, according to the latest Logistics Confidence Index compiled for Barclays and Grant Thornton UK.