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 […]
Wincanton has secured a multi-million pound extension on its contract with B&Q, taking on management of an additional warehouse. The firm will manage B&Q’s one million ft² showroom fulfilment centre in Burton-on-Trent, which provides warehousing for the retailer’s bathroom, bedroom and kitchen range. Under this new agreement, it is estimated that Wincanton will handle nine million cases of merchandise per year. “We are delighted to be extending our long term relationship with B&Q, which further demonstrates our ability to support […]
A simple yet ingenious plastic cover for the tips of forklift truck tines could save thousands of pounds in damage to palletised loads, according to the manufacturer SumoSafe.
Pall-Ex defied “challenging” market conditions to deliver a 31% leap in pre-tax profits and a 10% rise in member volumes last year.