Pre-tax profit at Brian Yeardley fell by nearly 50% in 2016, hit by a combination of migrant problems in Calais, unstable currency exchange rates and fleet investment. The operator’s pre-tax profit for the year was £368,000; down 48% on 2015’s £544,000. The main cause of this, MD Kevin Hopper told MT, was because it had to absorb more than £300,000 of extra costs as a result of the Calais migrant crisis. Hopper said: “We made the decision to ship through […]
UPN has hailed the “significant progress” it made last year, after turnover grew by almost 4% to £9.9m.
A harsh economic climate, growing costs and rising customer resistance to rates increases all left Gloucestershire-based haulier CM Downton struggling to raise its profit level significantly, despite a 13.8% increase in turnover in the year to the end of June 2012.
UK Mail chief executive Guy Buswell has said the company will be investing in its depot network and automated sortation equipment after delivering an18% uplift in pre-tax profit.