C Butt made a loss for the year ending April 2016 of almost £356,000, but added its balance sheet and cash reserves remained strong. The pre-tax loss was down on previous year’s £557,060. The reduction its annual loss was achieved despite a reduction in turnover to £13.7m (2015: £14.5m). The company undertook a major restructure last year following a decision by several major clients to take their transport back in-house. They included Poundstretcher and kitchen supplier Symphony. In 2016, MD Clive Hodgkinson […]
International Swiss-based freight and logistics business Kuehne + Nagel reaped the benefits of its long term growth strategy with record results in the 12 months to 31 December 2011. Globally, K+N saw net profit rise to CHF606m (£421m) on turnover of CHF19.6bn (£13.6bn), increases of 12.2% and 9% respectively after the effect of the strong appreciation of the Swiss franc against K+N’s major trading currencies was stripped out, according to Tim Scharwath, vice-president for global air logistics. In K+N’s four […]
Pall-Ex UK saw its pre-tax profit jump more than 200% in 2016 after results from its management restructure and growing membership began to take hold.
C Butt Logistics turned a profit in its 2017/18 financial year for the first time since 2014, 12 months ahead of its self-predicted return to the black.