Wincanton is to sell its records management business (WRM) to market specialists Restore for £60m after signing a conditional agreement. WRM has provided document storage and shredding services across the UK and Ireland for over 14 years and currently employs 167 people. For the year ending 31 March WRM generated EBITDA (Earnings Before Interest, Tax, Depreciation and Amortisation) of £5.4m on a turnover of £22.4m. It had gross assets valued at £22.2m. Wincanton said that the disposal would allow it […]
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.
Wincanton is putting safety first in its latest fleet upgrade with the addition of 100 Mercedes-Benz Actros tractor units.
There is one share in transport that is having a little run at the moment. One that doesn’t do it very often. After slipping to a low of 45p on 27 March, Wincanton keeps on growing. As of this morning it hit 82.35p – that’s an 83% return on your investment. So why all the commotion?