A turnaround plan at HW Coates has borne fruit with both turnover and profit up at the chemicals logistics specialist. The profit rise, which was boosted in part by the introduction of new accounting standards under FRS102, was revealed in the company’s latest annual results posted in Companies House. Leicester-based HW Coates saw its turnover climb 12% to £36.4m (2014: £32.6m) with pre-tax profit almost doubling to £12.07m (2014: £6.3m). Its parent company HW Coates (Holdings), which includes a contribution […]
As the economy struggles, UK pallet networks continue to record year-on-year growth. The UK’s pallet networks shifted more than 15.3 million pallets last year, a 7.3% rise on the number moved in 2010. Data from the Association of Pallet Networks (APN) shows that while the UK, and beyond, has endured recession, the networks have continued to outperform the economy. Eight of the nine UK networks are APN members, representing more than 650 hauliers, almost 30,000 vehicles and 13 million ft2 […]
Stan Robinson Group saw its pre-tax profit leap last year despite a marginal increase in turnover.
A turn-round strategy introduced at Aspray Transport last year led to the next day carrier spending almost £400,000 to tackle a “highly challenging” environment resulting in the firm recording a loss.