CM Downton’s acquisition of C&H (Hauliers) in 2013 helped boost turnover by 15% year-on-year, according to its most recent filings at Companies House. For the year-ending 30 June 2014 turnover stood at £108.5m (2013: £94.2m) but pre-tax profit fell to £4.7m, from £5.3m in the previous year. The directors’ report described the groups’ financial position as “very satisfactory”. Breaking down the performance, turnover for continuing operations at CM Downton rose year-on-year to £91m, from £90.5m, while its contribution from its […]
CM Downton is to extend its 100,000ft² Quedgeley warehouse, after a surge in business and new contract wins.
A harsh economic climate, growing costs and rising customer resistance to rates increases all left Gloucestershire-based haulier CM Downton struggling to raise its profit level significantly, despite a 13.8% increase in turnover in the year to the end of June 2012.