Advanced Supply Chain suffered a 44% drop in pre-tax profit in the year ended 30 June 2014, according to newly published accounts at Companies House. The accounts show that Advanced Processing, which trades as Advanced Supply Chain, suffered a pre-tax profit fall to £730,698 (2013: £1.3m) after a major, undisclosed customer, was sold to new owners. In the strategic report that accompanied its Companies House filing, the firm said pre-tax profit was “ultimately lower than originally expected” after restructuring its […]
Lloyd Fraser has warned that current trading conditions are challenging, but added it was too early to say what impact Brexit might have on its future performance.
Ceva Logistics, which recently saw its long-running relationship with Crown Paints extended, has seen group profit fall after its contract logistics businesses was affected by Europe’s economic malaise. While revenue in the first half of the year was up 5.5% at €3.5bn (2011: €3.4bn), EBITDA slipped 10.5% to €136m (2011: €152) as a consequence, despite growth in the group’s ocean freight business. John Pattullo, chief executive of Ceva, says: “Transpacific volume and weakness in Southern Europe remain a concern. As […]