TNT UK’s pre-tax loss ballooned to £22.1m last year ahead of its acquisition by FedEx Corporation in May 2016. New accounts published at Companies House show the business’s year-on-year loss increased 32.3% compared with a loss of £16.7m a year earlier. Turnover in the year ended 31 December 2015 fell 1% to £718m (2014: £725m). The carrier’s operating margin was minus 2.9% compared with minus 2.3% a year earlier. In its accounts, TNT UK said it had seen a decline […]
Lloyd Fraser has warned that current trading conditions are challenging, but added it was too early to say what impact Brexit might have on its future performance.
Leeds-based Bedfords Group has made “significant progress” in adding new streams of business, according to its latest results, despite recording a pre-tax loss of £221,415 last year.