S&S Distribution, the Kent-based haulier snapped up by Palletline last year, recorded a pre-tax loss shortly after its purchase, newly published accounts show. However, its new owner told Motortansport.co.uk it is back in the black. The firm was bought by the network in May 2015 and in results filed at Companies House it reported a £48,000 pre-tax loss for the 11 months to 30 June 2015, compared with a profit of £208,000 in the previous 12 months. Palletline said the […]
S&S Distribution’s fleet investment programme and the loss of a local customer that relocated contributed to a fall in turnover and profit last year.
Pallet network Palletforce, which is part of the EV Cargo group, has completed the divestment of its haulier members.
CitySprint has purchased the same-day operations of Thames Valley-based Scarlet Couriers. The deal sees CitySprint acquire Scarlet Courier’s same-day, overnight and international operations in Bracknell, as well as the company’s same-day courier operation in Slough. Patrick Gallagher, chief executive, CitySprint, says: “This deal is another significant milestone in CitySprint’s on-going growth strategy. CitySprint’s extensive national reach is key to our success, so we’re delighted to be consolidating our presence in Berkshire.” Following the deal, Scarlet Couriers will continue to run […]