NFT Distribution reported profit up but turnover down in its first trading year under the ownership of private equity backer EmergeVest. For the 12 months to 31 March 2015, turnover fell 4% to £162.6m, compared with £169.4m the previous year. Pre-tax profit rose 28.7% to £2.2m. NFT said the dip in turnover was mostly due to a reduction in volume-related pass-through costs in open-book contracts, and lower fuel surcharge revenues. However, it also cited 18 new customers being added to […]
Haulage rates continued to stagnate during the first half of the year, new data from the Office for National Statistics (ONS) have suggested.
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 […]
Owens (Road Services) saw pre-tax profit rise 14% last year as it invested heavily in its fleet and focused on maintaining a competitive edge.