UK Mail Group has written down the value of its struggling UK Pallets business, revealing a £7.3m impairment charge relating to goodwill dating from its purchase in 2003. The group took action after revealing that in the six months ended 30 September 2014, turnover at the pallet network fell 1.1% to £13.9m (2013: £14.1m). Operating profit plummeted 58.6% to £200,000 (2013: £600,000). UK Mail also conceded in its interim results yesterday, that UK Pallets was still suffering “gaps in the […]
Pall-Ex Benelux will launch at the start of 2016, the pallet network has said.
Palletways has recruited Fusion Supply Chain Solutions (Fusion SCS) and Cammack Transport into its pallet network.
Nottinghamshire’s B Taylor & Sons Transport has joined the Fortec pallet network after being inundated with volumes at Pall-Ex and TPN.