Tilbury, Essex-based logistics and freight forwarding firm Arcese UK has slumped into the red, but has vowed to increase both turnover and profit this year. It reported a pre-tax loss of £872,725 in the year to 31 December 2015 compared with a pre-tax profit of £36,928 for the same period in 2014. Turnover fell to £19.1m from £23m. In their financial report for the year, the directors stated that “the downward trend in terms of trading volumes at the end of […]
Devereux Developments, which trades as Devereux Transport and Distribution, fell into the red last year following a “slight” fall in turnover, according to its latest annual results.
City Link’s profit and volumes suffered as it fell victim to lower than expected demand during the Olympic Games. The parcel firm posted a turnover of £76.2m for the three months ending 30 September, a 2.4% increase on the same period in 2011. It is the first time City Link has reported year-on-year growth in the last five years, Managing Director Dave Smith said. It made an adjusted operating loss of £5.5m in the third quarter, a 19.1% rise on […]