NFT Distribution recorded a pre-tax loss in the 12 months to 2 April 2016 after exceptional costs of £7.1m, although the operator said it was now well placed to prosper. The bulk of the costs related to a “major incident” that saw the M1 closed for 18 hours on 2 December 2015 and the start of a new client contract at Daventry. “These costs are provided for in full but are still the subject of detailed negotiations, which precludes us […]
Express parcels and mail provider UK Mail Group says it is taking action to plug the gaps in its pallet distribution business UK Pallets. It reported a significant decline in operating profit from this division during the first six months of the financial year. While revenue from its pallets business rose 0.8% to £14.3m in the six months to 30 September compared to the same period last year, operating profit fell over 26% to £800,000, said the firm. UK Mail […]
By the time the Beast from the East had done its damage and spring was finally making itself known, official figures showed that there had been 574 insolvencies in UK logistics during the first three months of 2018.
A reliance on agency staff and hire vehicles at CS Ellis to meet an increase in work dented the operator’s annual profit, newly published accounts show.