A shortage of drivers, the introduction of Driver CPC and a drive to improve its services saw Aspray Transport’s pre-tax profit fall in the year ended 30 June 2016, despite turnover growth of more than a third. The operator’s pre-tax profit fell by 22% year-on-year, from £1m to £779,000. However Aspray’s turnover for the year was £49m; an increase of 36% on 2015’s £36m. In the strategic report for the year the company, which trades as Aspray24, said that “the […]
Aspray Transport is awaiting the completion of its 18-acre expanded Willenhall, West Midlands hub, which is due to be unveiled next month.
Aspray Transport’s Company Voluntary Arrangement (CVA) will see £1.9m of debt to certain creditors being written off as well as redundancies, motortransport.co.uk can reveal.
“Historical mismanagement” combined with operating licence “issues”, Brexit and rising fuel prices led to Aspray Transport’s demise, according to a letter sent by the firm’s owners to its employees.