Boughey Distribution said it had a “positive” year in food distribution despite difficult conditions caused by supermarkets that are fighting for market share deflating prices. Turnover at the division of NWF Group for the year-ending 31 May rose to £37.2m, up from £36.4m in 2014, while operating profit in the division increased by 25% to £2.5m, compared to £2m in 2014. Last year it consolidated its operations into a single site at Wardle, Greater Manchester, meaning that it no longer […]
Creditors of Palletline Logistics (Midlands) have voted in favour of the company voluntary arrangement (CVA) applied for by the haulier last month. MD Bob Russett (pictured) told Motortransport.co.uk he had mixed feelings after approval of the CVA this week (16 May): relief that it had passed ensuring a future for the business, but disappointment that the action had been necessary. “We are trading profitability and intend to keep doing so,” says Russett. The Birmingham haulier’s cashflow problems stemmed from errors […]
Palletline has completed its new-look management team with the appointment of an operations director.
Boughey Distribution bounced back into the black last year, converting a £754,000 pre-tax loss into a profit of £310,000.