S&S Distribution has returned to profitability helped by its warehousing division and investment by new owner Palletline. Palletline bought network member S&S Distribution and S&S Warehousing, a separate firm to S&S Distribution, in May 2015. The deal, which was the pallet network’s first buy-out of a shareholder-member, saw profits fall after a goodwill write-down of £142,215, after a review of the company’s customer base. The write-down saw the firm’s pre-tax profits fall from £207,915 in the year to July 2014 […]
Profits at S&S Distribution rose almost 86% last year, as the Kent-based family firm placed emphasis on offering an “excellent service” to its customer base.
Once again the UK’s nine pallet networks bucked the general trend within logistics in 2012, delivering another year of growth. While Greece teetered on the precipice, dragging the whole eurozone deeper into its protracted economic malaise, Europe remained the focal point for many of the UK’s networks looking for the next big thing. European market leader Palletways faces competition with Pall-Ex’s ambitious European plans remaining on course despite the economic headwinds from the Continent, and Palletforce finally revealing its hand […]