The transport arm of the Hargreaves Group saw its profit almost halved in the year ending May 31 2015, after the sale of Imperial Tankers to the Suttons Group last autumn. The group’s preliminary 2015 results show a 48% decrease in pre-tax profit compared with the former year, with a fall from £3.5m to £1.8m. Turnover in its transport arm decreased 23% from £89m in 2013 to £68.3m too. However, if Imperial Tankers’ contribution is stripped out, then turnover from […]
John Sutton is the grandson of Suttons Group founder Alf Sutton, who started trading in 1926 with a horse and cart.
Current Tip-ex Haulier of the Year Hargreaves Services has raised £42.3m via a share placing as it looks to expand its portfolio of UK surface mining assets, to the benefit of its transport division.
Hargreaves Logistics former MD Andrew Wolrich is to work with Ian Elliott, head of Hargreaves’ subsidiary Halcyon Tankers, as a consultant.