UK Mail’s continued investment in its infrastructure, including the move from its Birmingham HQ to a new fully automated Ryton hub, resulted in a dip in pre-tax profit in the year ended 31 March 2015. In its latest results, the business saw group revenue climb 0.8% to £485.1m (2014: £481.4m), while pre-tax profit (before exceptional items) slipped 4.2% to £21m (2014: £21.9m). Exceptional items cost the business £11.3, including a £9m goodwill write-off from the closure of UK Pallets earlier […]
Next month we should expect to see full financial year results from Fowler-Welch parent company Dart Group. The only hint of the performance at Dart’s logistics arm came on 19 April when it said: “The business remains well placed for profitable growth.” Even the date in July of its full-year results remain as enigmatic as that statement… but there are some clues.
UK Mail Group has made a “satisfactory” start to its financial year, with revenue up by 13% compared with the same period last year, or by 10% if excluding Royal Mail price hikes implemented on 2 April. First-quarter results, for the period 1 April to 10 July, show mixed fortunes across the group’s four divisions – parcels, mail, courier and pallets – with tight cost control remaining a key focus across the board. The parcels business showed good growth in […]
UK Mail Group has written down the value of its struggling UK Pallets business, revealing a £7.3m impairment charge relating to goodwill dating from its purchase in 2003.