Fowler Welch has reported a broadly static half-yearly revenue for the period ended 30 September, achieving £78.1m (2013:£78.2m), with its operating margin also holding firm at 2.7% (2013:2.7%). The company said overall operating profit fell 11% to £1.6m (2013: £1.8m) as a result of expected start-up losses at a new joint venture in Teynham, Kent, which launched in May, storing, ripening and packing stone-fruit and exotic and organic fruits. However, it added that margins were encouraging in this business, with […]
MT’s latest UK Commercial Vehicle Operator Report, produced in association with Texaco Lubricants, reveals the value of being smart. There’s much talk of the squeezed middle in British politics but the latest UK Commercial Vehicle Operator Report confirms the emergence of savvy operators forming a smart middle within road transport. These operators are pulling forward their purchasing to beat Euro-6, providing services to external clients via their in-house workshops, and making use of the latest technology to optimise the running […]
Well you win some and you lose some. Trading in shares at UK Mail Group continues to be a profitable experience, but – despite a good performance in its transport division Hargreaves shares continue to splutter.
Despite the tough economic climate opportunities exist for well structured and focused medium sized hauliers, according to David Inglis, former MD and chairman of Fowler Welch. Having been one of the original shareholders in Fowler Welch, Inglis saw the company achieve it first £1m turnover and believes the key to success is hands-on management, tight cost control and a relentless pursuit of operational excellence. The operational flexibility that smaller/medium size business can offer can set them apart from the world […]