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 […]
Hoyer UK MD Mark Binns has said he is “confident” this year will be better than last after the firm reported widening losses for the 12 months to the end of December.
CM Downton achieved a record turnover in the year it was acquired by EmergeVest for £75m, although costs associated with the deal weighed on the firm’s annual profit.
Gist blamed one-off pension costs and retailers’ squeezing of supply chain providers for a 23% fall in pre-tax profit last year, but it still saw turnover rise by 7.2%. For the year ended 31 December 2011 pre-tax profit fell to just under £18.8m, from £24.5m the previous year. However, turnover rose 7.2% year-on-year from £379m to £406m. Gist chief executive Martin Gwynn told Motortransport.co.uk: “Business performance remains robust. Excluding the effect of the one-off pension charges, profit increased year-on-year despite […]