Howard Tenens remains confident that it is “well positioned” to grow its business, despite posting a 15.4% drop in pre-tax profit last year. The operator’s annual results for the year to 30 September 2013, filed to Companies House, revealed that despite a 3.3% increase in turnover to £57.1m (2012: £55.2m), pre-tax profit fell to £3.9m from £4.6m. Its pre-tax profit margin also dropped from 8.4% to 6.8%. In their report, the directors attributed the reduction in profit to “losses from […]
Transport and logistics operations at The Russell Group have not been affected by recent financial problems at group company Icetech Freezers, the firm has stated.
Turnover and profit both rose by some 12% last year at Newmarket, Suffolk-based Turners (Soham), as a prudent approach to rates and new business continued to pay off. In the 12 months to 31 December 2011, turnover jumped 11.9% to just under £235m (2010: £210m); while pre-tax profit rose 12.5% to £24.3m (2010: £21.6m). All three of the firm’s divisions enjoyed a significant boost during the period, with turnover up 7.69% in the temperature controlled division, 10.63% in the general […]
Eddie Stobart Logistics’ growth continued at a gallop in the first six months to 31 May 2018, driven by a mix of acquisitions, new contract wins and retained business.