Hargreaves Services is confident it can rebuild turnover and profit in its logistics business after the division suffered a 47% drop in operating profit to £2.3m last year. Turnover in its logistics operation fell from £68.3m to £54.5m in the year to 31 May 2016, which it mainly attributed to changes in waste movements following a clarification of waste classification by HMRC. It said the sale of Imperial Tankers to Sutton Group in 2014 accounted for some £7.3m of the drop in turnover. […]
Eddie Stobart saw turnover and earnings grow in the first six months of its financial year, but the cost of refinancing, its stock market listing and the end of an Irish retail contract resulted in a pre-tax loss.
Suttons Tankers, part of Suttons Group, said it is in its “best interests” to walk away from its eight-year relationship with British Sugar when its contract expires later this year.
Turnover and profit both rose by some 12% last year at Newmarket, Suffolk-based Turners (Soham), as a prudent approach to rates and new business continued to pay off. In the 12 months to 31 December 2011, turnover jumped 11.9% to just under £235m (2010: £210m); while pre-tax profit rose 12.5% to £24.3m (2010: £21.6m). All three of the firm’s divisions enjoyed a significant boost during the period, with turnover up 7.69% in the temperature controlled division, 10.63% in the general […]