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 […]
UK Mail has conceded that its pallet business suffered a tough year in the twelve months to 31 March 2013.
Over half the transport firms planning to secure bank lending in the next 12 months fear their request will be turned down, according to the results of the latest Close Brothers Business Barometer.
Conditions in the road transport market have “never been more challenging” the chief executive of Gregory Distribution has said.