Fagan & Whalley has blamed the UK driver shortage for a near two-thirds fall in pre-tax profit. Reporting its annual accounts for the year ended 30 April 2015, the Meadway, Lancashire-based company’s results revealed that pre-tax profit fell 58% to £515,153 (2014: £1.2m). MD Stephen Fagan told Motortransport.co.uk that it had been “a tough year” for the company, which also has a site in Coventry. “We had a lot of issues because of the driver shortage, which led to a lot […]
Owens has returned to profit after three consecutive years of losses, its latest financial results have revealed.
Gist blamed one-off pension costs and retailers’ squeezing of supply chain providers for a 23% fall in pre-tax profit last year, but it still saw turnover rise by 7.2%. For the year ended 31 December 2011 pre-tax profit fell to just under £18.8m, from £24.5m the previous year. However, turnover rose 7.2% year-on-year from £379m to £406m. Gist chief executive Martin Gwynn told Motortransport.co.uk: “Business performance remains robust. Excluding the effect of the one-off pension charges, profit increased year-on-year despite […]