Willenhall-based express delivery firm Aspray24 has attributed a fall in profitability last year to the introduction of the Driver CPC and driver shortages. Turnover in the year to the end of December 2014 rose 8.8% to £35.9m (2013: £32.9m) but profit before tax fell just over 20% to £1.07m (£1.35m). MD Stuart Laight was not available for comment at the time of writing but in their financial report on the year, the firm’s directors said: “Growth plans for the next […]
Profit at Fred Sherwood and Sons (Transport) saw a resurgence in the year to 31 March 2015, climbing almost 70%.
Wincanton has reversed heavy losses and is “back on track” – despite a 9.6% fall in turnover – after a turbulent two years that saw it sell its loss-making European activities and exit a poor performing market in the UK.
Government changes to the Driver CPC rules have left too many questions unanswered and do not take into consideration the impact of the Covid-19 pandemic on the industry, according to a CPC training provider Fleet Source.