Clipper Logistics has more than doubled its pre-tax profit in the first half of the financial year, as it felt the benefit of a multitude of contract wins. The Leeds-based operator saw its pre-tax profit rise 53% in the six months ended 31 October 2015 to £5.5m (2014: £3.6m); turnover grow 27% to £141.5m (2014: £111.6m). The company said its financial performance was particularly strong because additional revenue from the flurry of new contracts it signed over the course of […]
Palletways Group has been bought by South-African group Imperial Holdings in a transaction worth £163m.
Clipper Logistics’ latest annual pre-tax profits took a hit after it agreed – following lengthy debates with its auditors – that a series of contracts signed at the end of the financial year should be included in the following year’s accounts.
AM Widdowson’s unsecured creditors have been left almost £13m out of pocket after the pre-pack sale of the haulier in July.