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 […]
Stobart Group has reported a “satisfactory” start to the year, despite low volumes from FMCG customers in its Eddie Stobart transport and distribution division.
Palletline saw revenues grow by 2.4% last year, although profits slipped in its logistics businesses due to a shortage of drivers.
South Korean vehicle parts importer SsangYong Motors UK is to lease a new head office at Howard Tenen’s Europa Industrial Park in Swindon as part of a drive into the electric vehicle (EV) market.