Pre-tax profit fell by a third last year at MT Top 100 company Fred Sherwood & Sons (Transport), despite a 2% increase in turnover. Its annual accounts for the year ended 31 March 2014 revealed a 35.4% drop in pre-tax profit to £944,007 (2013: £1.4m). Turnover increased to £37.9m, up 2% on the previous year’s £37.2m figure. Its pre-tax profit margin slipped to 2.4% from 3.9% in 2013. According to the directors’ report published at Companies House, the Shepshed, Leicestershire-based […]
Profit margins continue to be held back by customers’ reluctance to increase rates, John G Russell (Transport) chief executive, logistics, Alan Poulton has warned.
Rhys Davies and Sons’ decision to ditch its unprofitable accounts last year has been vindicated, the Cardiff-based logistics and warehousing company said in its latest annual results.
Chester-based third party logistics provider Great Bear Distribution has said it “performed well” last year after raising turnover by over 12% and pre-tax profit by nearly 8%.