Suckling Transport said business had been “encouraging” last year, with profit and turnover up 49% and 43% respectively. Following a relocation of its head office in May 2014 after a change of ownership the previous year, the Laindon, Essex-based haulage contractor made sales of £19.4m during the year to 31 December 2013 and a pre-tax profit of £1.2m. In the previous year – a nine-month reporting period – turnover was £13.6m with pre-tax profit of £807,392. In its latest report […]
City Link and its former parent Better Capital are “morally, if not legally, responsible” for the financial difficulties that some of its creditors now face, a group of MPs looking into the collapse of the company have said.
Lombard, the asset finance division of the RBS Group, is actively seeking funding opportunities in road transport, bucking the trend which has seen several lenders leave the market since 2008. Lombard’s head of commercial transport, Derek Pridmore, says it is not the case that operators looking to fund new vehicles have little choice but to use manufacturers’ captive finance offering. “We financed £250m of truck sales in 2011, making Lombard the biggest single funder of CVs in the UK,” he […]