Cross-channel disruption and the migrant crisis, combined with bad debts arising from the steel crisis, saw Laser Transport International suffer a tough second half in 2015. Despite this, newly published accounts for the year to 31 December 2015, show pre-tax profit at the Hythe-Kent based company more than tripled in the period, up from £28,712 in 2014 to £108,697. Turnover was broadly flat year-on-year at £16.4m, with the company’s UK division contributing the lion’s share of revenue at £13.3m (2014: £12.7m). […]
The government has rejected the idea of extending student loans for funding licence acquisition, saying it was “not appropriate”.
John G Russell (Transport) said it had benefitted from months of empty roads over the last year, which helped boost fleet productivity, fuel consumption and would result in strong financial results.