Expect Distribution has blamed a fall in profit on its loss-making two-man delivery service, which ceased operating in May last year, but said that new deals in its contract logistics business will get it back on track. The company saw its pre-tax profit fall by 17.5% to £548,152 for the year ended 30 November 2015 (2014: £664,812). The directors’ strategic report said the fall was, in part, due to the two-man delivery service, “which continued to incur significant losses prior […]
CM Downton enjoyed a successful first full trading year since being acquired by EmergeVest, with profits growing by more than 90%.
Japanese-owned Yusen Logistics UK saw pre-tax profits leap in its latest financial year helped by a new healthcare deal and rising demand for warehousing as healthcare clients stockpiled ahead of Brexit.
Rising demand for warehouse space and a welter of contract wins helped boost Howard Tenens’ group turnover from £57.1m to £64.7m in the year to 30 September 2014.