Pre-tax profit fell by almost a third at UK Mail in a year that saw the group move to a new hub and fit-it with incompatible parcel sorting technology. For the year ended 31 March 2016, UK Mail recorded pre-tax profit of £14.4m (2015: £20.1m). The company reported it had had “teething issues” with its new technology at its Rydon site after the six months ended 30 September saw its pre tax profit fall by 80%. Since then, the loss […]
Yodel made its seventh loss in a row in the year ended 30 June 2016, while its sister company Arrow XL saw its pre-tax profit leap by more than 500%.
By the time the Beast from the East had done its damage and spring was finally making itself known, official figures showed that there had been 574 insolvencies in UK logistics during the first three months of 2018.
John Mitchell (Grangemouth) has reported a significant rise in profit after cost-control measures and a focus on its warehousing arm.