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 […]
Howard Tenens Storage & Distribution saw a 20% drop in pre-tax profit last year after it lost customers at two of its depots.
Lenham Storage walked away from nonviable business last year rather than compromise its service standards, but the operator’s MD has warned that there has been no let-up in rate pressure since.