South Wales haulier John Raymond Transport suffered a drop in pre-tax profit of over 99.7% in the last financial year, accounts lodged at Companies House have shown. Despite a 4.8% increase in turnover to £21.2m in the year to the end of September 2014 (2013: £20.2m), the company’s pre-tax profit fell from £56,532 to just £153. The additional £1m of turnover generated during the year appears to have been completely eroded by a rise in the cost of sales, up […]
Royal Mail has gone all-in on a strategy based on parcels growth and international expansion to ensure its future, after its annual operating profit collapsed by more than a quarter as the decline in letter deliveries continued apace.
NFT Distribution recorded a pre-tax loss in the 12 months to 2 April 2016 after exceptional costs of £7.1m, although the operator said it was now well placed to prosper.
Jack Richards and Son boosted turnover by 14% and pre-tax profits by 7% in 2016, aided by stable fuel prices and an efficiency drive.