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 […]
Administrators handling the affairs of Clugston Group said they had successfully agreed a sale of the share capital of its haulage arm, Clugston Distribution Services (CDS).
Wincanton looks to be on course to achieve its stated aim of returning to profit this year, despite the impending loss of its finance director. In June Eric Born, chief executive at Wincanton, told MT the company would be back in the black in this financial year, after a pre-tax loss of £47.4m for the year ended 31 March. Extensive restructuring and the disposal of its European business is now starting to bear fruit according to the chief executive, who […]