The sale of its Palletforce shares after the purchase of the pallet network last year by EmergeVest sent Farrall’s’ profit soaring in 2015. Farrall’s, which celebrates its 60th anniversary this year and was a Palletforce founder member, saw a 220% jump in pre-tax profit for the year ended 31 December 2015, from £309,189 to £969,852. The Chester-based company said its performance had also been strengthened by “significant rationalisation” at the company. MD Jim Perry told Motortransport.co.uk: “During 2015 a total commercial […]
Membership numbers and turnover increased at the FTA last year, but its pre-tax surplus fell.
Car transporter company Drive Force (UK) had only just returned to profitability after experiencing 18 months of cash flow difficulties, before Covid-19 forced it into administration.