Framptons Transport Services was in rude financial health when it was acquired by Gregory Distribution earlier this year, according to its most recent filing at Companies House. For the financial year ending 28 June turnover had risen from £16.9m to £17.8m, while pre-tax profit rose to approximately £1m, from £601,812. Average employee numbers also rose year-on-year to 251, from 236. The Somerset-based haulier was bought by Gregory Distribution on 9 April and has continued to trade under the Framptons brand […]
UPS and TNT Express have submitted remedies to the European Commission to address its competition concerns, extending the review period further. The submission extends the EC’s review period by 15 business days to 5 February 2013. The proposed remedies involve the sale of the business activities and its assets. UPS needs to ensure the long-term viability of these activities and the continuity of service already provided by TNT Express. In order to receive approval, the EC will market-test the remedies. […]
Ceva Logistics has postponed its proposed float on the New York Stock Exchange (NYSE) as it looks to restructure its balance sheet and stem its shrinking profits.
Advanced Processing, which trades as Advanced Supply Chain, took another step towards its target of £100m turnover by 2016, after a revealing a 57% rise in its most recent financial year. For the 12 months ending 30 June 2012 turnover rose to £28m, from £17.5m in the previous 12 month period. The garment processing specialist also increased its profitability, revealing a pre-tax profit of £1.1m compared to £508,333. In setting its £100m target for 2016, the Bradford-based operator has stated […]