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 […]
Jack Richards & Son experienced a strong financial year during 2015, posting a 5.1% boost in turnover and a 16.7% rise in pre-tax profit.
Owens Group is looking to buy a facility in Wrexham after its last financial year saw profit more than double.
Pre-tax profit at Nagel Langdons took a hit last year as it saw an increase in lower-margin business.