The volume of parcels being handled by UK Mail has surpassed its current operational capacity. In its pre-close trading update for the financial year ended 31 March 2015, UK Mail said the final quarter saw a 12% increase in parcel volume on the same period of the previous year. The spike, it said, is in part as a result of competitor City Link entering administration in December 2014. UK Mail said its operating costs had been higher than expected as […]
Car transporter company Drive Force (UK) had only just returned to profitability after experiencing 18 months of cash flow difficulties, before Covid-19 forced it into administration.
NWF Group, parent of Boughey Distribution, has recruited Brendon Banner as its new group finance director. Banner, who will take up his role in early November, is currently group finance director at steel engineering and fabrication group William Hare. He replaces Jonathan Ford, who is leaving NWF at the end of September to take up the role of chief financial officer at HomeServe. Earlier this month NWF reported that Boughey Distribution has seen turnover fall by £2.2m after the loss […]
Despite turnover rising by almost half in 2017 Simon Gibson Transport saw its profit fall for the third consecutive year as the firm continued to invest “heavily” in its fleet.