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. […]
Davies Turner & Co has increased turnover and pre-tax profits despite “tough trading conditions” last year, according to its latest annual results.
The newest member to join the Pall-Ex network only launched in July, but its directors said its aim was to generate revenues of £10m within two years.
Fred Sherwood & Sons (Transport) saw pre-tax profit fall 18% last year with turnover also declining by 5% in the period.