Knights of Old delivered a “strong financial performance” in the year ended 31 May 2016 despite challenging market conditions, according to its annual report. Group turnover increased by 2% to £49.4m (2015: £48.4m). The strongest contribution came from warehousing, which saw revenue increase more than 30% compared with a flat performance within the firm’s transport operations (up 1% year-on-year). Knights of Old’s directors said they remained interested in further acquisition opportunities having welcomed Nelson Distribution to its group last year, […]
New research suggests operators’ expectations of growth this year could be hamstrung by a lack of innovation within the road transport sector.
Nicholson Group owner David Nicholson says he has no regrets leaving the pallet distribution sector where he maintains margins are too low.
Some of road transport’s biggest companies could face a hit to their cash flow after the chancellor signalled he was bringing forward corporation tax deadlines forward yesterday.