John Mitchell (Grangemouth) has reported a significant rise in profit after cost-control measures and a focus on its warehousing arm. For the year ending 31 March, the haulage and warehousing business recorded a turnover largely static compared with last year, at £13.2m. However, pre-tax profit increased almost fourfold to £346,707 (2015: £88,530). MD Iain Mitchell said control of the company’s costs helped drive much of its profit. “We are tight on that. We have focused more on the warehouse side […]
City Link cut its first quarter losses by more than a third but remained loss-making ahead of its sale to turnaround investor Better Capital.
Bourton-on-the-Water, Gloucestershire storage and distribution firm John Hackling (Transport) said a near 12% rise in turnover and profit before tax in the year to the end of September was “in line with expectations”.
Bridgend, South Wales-based John Raymond Transport saw an increase in both turnover and pre-tax profit last year.