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 […]
Despite the tough economic climate opportunities exist for well structured and focused medium sized hauliers, according to David Inglis, former MD and chairman of Fowler Welch. Having been one of the original shareholders in Fowler Welch, Inglis saw the company achieve it first £1m turnover and believes the key to success is hands-on management, tight cost control and a relentless pursuit of operational excellence. The operational flexibility that smaller/medium size business can offer can set them apart from the world […]
DX Group is to take a close to £2m profit hit after an accounting error relating to the treatment of a leasehold property.