Meachers Global Logistics sees turnover and profit drop

Meachers Transport

Meachers Global Logistics saw a reduction in turnover and profit last year. The Hampshire-based company recorded a 1.9% drop in sales, from £25.5m to £25m for the year ending 31 May 2016. Pre-tax profit slid 8.7% to £1.9m but the company said the “marginal reduction” was in line with expectations. In its business review, Meachers said its performance and position were satisfactory and it remained reasonably confident about the future. However, it highlighted a number of areas of potential concern […]