Fowler Welch saw pre-tax profit fall by more than a third in the first half of its current financial year, after it was hit by the late delivery of new ambient contracts. Pre-tax profit at the fruit and vegetable distributor dropped to £2.3m in the six months to 30 September 2016 (2015: £3.5m), despite the division seeing an 11% increase in turnover to £80m (2015: £72.3m). Parent company Dart Group said margins were hit by new ambient contracts starting later […]
Turnover decreased by 1%, while pre-tax profit was static at Fowler Welch as it off-set the full year impact of the closure of its European operating base in the Netherlands with new contract wins and organic growth.
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.
Unexpected behaviour by supermarket customers, alongside the closure of its operating base in the Europe, led to a fall in turnover and pre-tax profit at Fowler Welch.