A shortage of suitable subcontractors contributed to a squeeze on margins at automotive logistics specialist Brit European Transport in its last financial year. Despite continued growth in sales in the year to the end of December 2014, the availability and cost of using subcontractors was “a major factor” in pressure on margins, a spokesman for the firm told Motortransport.co.uk. “There is a distinct shortage of good quality subcontractors who are able to meet our and our customers’ stringent quality and […]
Eddie Stobart saw turnover and earnings grow in the first six months of its financial year, but the cost of refinancing, its stock market listing and the end of an Irish retail contract resulted in a pre-tax loss.
The UK road transport sector saw a 20% surge in suppliers’ bad debts in the second quarter of 2017, according to the latest Creditsafe Watchdog Report.
Pre-tax profit at Arcese UK fell over 30% in the year to the end of December, accounts posted at Companies House have shown.