Removals firm Pickfords suffered a small decline in turn-over and profit in the last financial year but still managed to keep well ahead of its performance two years ago. In the year to the end of September 2015, turnover fell 3.75% to £67.2m (2014: £69.8m), while pre-tax profit was down 6.9% at £3.6m (£3.8m), leaving the firm with a margin of more than 5%. Last year’s results were, however, up 20% in terms of turnover and 141% in terms of […]
Removal and storage firm Pickfords has completed a pre-pack administration led by its existing management team. Administrator BDO, which was appointed to the Wembley-based Moving Services Group UK on 23 November, sold the removal firm to recently incorporated Pickfords Move Management on the same day. The two legal entities share the same directors in the form of Yogesh Mehta, Russell James Start and Timothy Paul Romer, who is also company secretary. David Gilbert, BDO business restructuring partner, said: “This outcome […]
Transport and logistics firm Rhys Davies & Sons marked its sixtieth anniversary last year with a 58% rise in profit, the firm’s latest annual results statement has revealed.
Stobart Group says it has seen no significant improvement in its transport business’s fortunes, since it warned of tough trading conditions at the end of June. In a pre-close statement the company, which has just announced it will be increasing its hybrid truck fleet, says the UK recession is dampening growth within transport. While the majority of the Eddie Stobart transport business has progressed well, the restructuring of the chilled business alongside bad simmer weather has resulted in losses. Stobart, […]