Fred Sherwood & Sons (Transport) saw pre-tax profit fall 18% last year with turnover also declining by 5% in the period. Reporting its annual accounts for the year ended 31 March 2016, the company revealed that pre-tax profit had dropped to £1.3m (2015: £1.6m) while turnover had fallen to £36.7m on the previous year’s figure of £38.6m. Despite the fall in pre-tax profit and turnover, the directors’ report remained upbeat, stating that the firm had “traded successfully” in the period […]
Cannock-based transport and training company Go Direct Recruitment Services has gone into voluntary liquidation after an accounting error left the firm with debts of more than £2.8m.
The future of Hellmann Worldwide Logistics rests on the success of a major refinancing deal being negotiated by its German parent company, the 3PL’s auditor KPMG has warned.
Scania has launched a fuel card based on cooperative principles, allowing operators to benefit from the bulk purchasing discounts usually reserved for the largest players in the sector. The Scania Fuel Card is administered by The Fuelcard People, with Scania buying fuel direct on members’ behalf to enhance the purchasing power of the collective. Scania’s scheme is free to join, offers a choice of fuel networks, features no minimum spend requirement and is charge-free for the first 12 months. David […]