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 […]
Powys-based haulier Speed Welshpool is on the hunt for new drivers after investing £1.1m in its fleet over the past year.
Lockwood Haulage saw its annual turnover climb by almost 20% to £17.5m in its latest reporting period, thanks to new wins and the development of existing partnerships.
Sprintdeliver went from a profitable distribution firm to making a £156,000 loss in just 12 months, as the impact of Covid-19 and a shortage of drivers hit the Derbyshire operator.