Leicester-based packaged chemicals logistics provider HW Coates Holdings has declared another rise in turnover for its last financial year but a significant decline in profits. In the year to 31 December, the group – which includes haulage and warehousing firm HW Coates, a majority stake in The Hazchem Network, and recently acquired document storage specialist Whitefoot Forward – raised overall turnover by 7% to £40.49m (2013: £37.84m). Pre-tax profit, however, fell just under 27% to £7.13m (2013: £9.76m). The rise […]
Royal Mail Group has turned a loss into a profit in its UK letters and parcels arm as it revealed details behind its strategy to develop into a more parcels-focused business ahead of its planned privatisation. The Group’s first half profit for the six months ending 23 September leapt to £99m, from a loss of £41m in the same period a year ago. This came mainly as a result of a 5.6% rise in parcel volumes which now accounts for […]
Eddie Stobart Logistics has said that its revenue and profits are growing, and it is ahead of its targets, in its first year of trading under the majority ownership of private investors.
An investigation into two audits of the accounts of Eddie Stobart Logistics (ESL) has been launched by the UK’s accounting watchdog.