Rhys Davies and Sons’ decision to ditch its unprofitable accounts last year has been vindicated, the Cardiff-based logistics and warehousing company said in its latest annual results. Reporting for the year to 31 August 2016, the firm, which trades as Rhys Davies Logistics, said that while turnover fell by more than 10% to £37.5m (2015: £41.7m). Pre-tax profit rose in the same period by more than 8% to £405,453 (2015: £374,567). Rhys Davies finance director Stephen Thomas said: “This performance […]
The administrator for contract hire and rental firm Axis Fleet Management said it now looked likely both former staff and trade creditors will receive some of their money back.
Wincanton has reported continued improvement in revenues and profitability since the initial impact of the pandemic and, following a period of recovery and stabilisation, said it had returned to growth in Q3 of the financial year.
A prediction last year by Maxi Haulage that pre-Brexit stockpiling would hit its bottom line has proven correct after its latest financial results showed a reduction in the Irvine headquartered company’s turnover and profits.