North East haulage firm Elddis Transport reported “a solid performance” in its latest financial results, despite tough trading conditions. Turnover was £26.1m with a £552,647 pre-tax profit for the year ending 31 December 2015. This was lower than 2014’s £26.9m and £612,735, but MD Nigel Cook said its fuel ratchet rebate scheme accounted for most of the loss, due to falling fuel prices. He told Motortransport.co.uk: “Obviously, it’s a difficult market, but we are running at the budget planned for […]
Elddis Transport has won the coveted Haulier of the Year title at this year’s Motor Transport Awards, which took place tonight (3 July) at the Grosvenor House Hotel in London.
The government’s apprenticeship levy will come into force in April 2017. This means in just four months, companies with a payroll of £3m or more will be paying 0.5% of that cost into a pot, which UK businesses will be able to draw from for staff training.
Lower fuel prices cost Elddis Transport last year, with savings passed onto customers causing a drop in turnover.