Chilled logistics specialist NFT Distribution was back in the black before it was acquired by new owner EmergeVest earlier in the year, posting a pre-tax profit of £1.6m in the 12 months ending 31 March 2014. NFT had previously posted a loss of £5.8m, and turned around its profit performance in 2013/14 despite flat sales with turnover down slightly to £169.4m, compared to £169.7m in the preceding financial year. Chief executive David Frankish said in his statement: “Whilst the economic […]
EmergeVest, the Hong Kong-based private-equity investor that has acquired CM Downton, NFT Distribution and Palletforce over the past four years, has merged its road transport and logistics assets into one company: EV Cargo. Christopher Walton
NFT Distribution recorded a pre-tax loss in the 12 months to 2 April 2016 after exceptional costs of £7.1m, although the operator said it was now well placed to prosper.