A committed customer base and varied operations helped Kent-based R Swain & Sons grow both turnover and pre-tax profit last year. Its latest financial accounts published to Companies House revealed a 9.6% increase in turnover to £34.8m for the year ended 31 December 2013, (2012: £31.8m). Pre-tax profit jumped 23.5% to £1.3m, compared to £1.08m in the previous financial year. Its pre-tax profit margin also grew to 3.8% from 3.4%. MD Bob Swain told Motortransport.co.uk that the firm’s “broad base […]
Family-run John Jempson & Son added more than £1m to its turnover last year, thanks to a buoyant construction market in London.
Like hauliers, truck dealers are consolidating, getting bigger, and widening the range of services they offer. Dealers no longer just sell trucks; they are increasingly taking on the vehicle repair and maintenance as more operators close their fleet engineering departments and rely on dealers for their R&M and other technical support. Rygor Commercials is a good example of this trend. The UK’s largest Mercedes-Benz franchise following its takeover of Mudie-Bond last year, Rygor’s territory now covers much of central southern […]
By the time the Beast from the East had done its damage and spring was finally making itself known, official figures showed that there had been 574 insolvencies in UK logistics during the first three months of 2018.