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 […]
NFT Distribution reported profit up but turnover down in its first trading year under the ownership of private equity backer EmergeVest.
Chilled food distributor NFT Distribution Holdings, which is part of the EV Cargo group, is looking for a buyer after reporting losses of over £30m.
NFT is urging food manufacturers and retailers to bring forward availability and adopt strict dispatch time policies during the Olympics, or face a failure to sell their goods in the event of delays. The chilled distribution specialist says real-time monitoring and communication of sales will be key to the success of the supply chain during the Games. “Retailers and manufacturers must reserve capacity at the earliest opportunity to ensure delivery on shelf,” says NFT supply chain director Alex Fisher. He […]