Welch’s Transport saw profit fall in a year with an “uncomfortably high” turnover in operational staff, according to the firm’s latest annual results. The Cambridgeshire haulier’s newly published accounts for the year to 31 December 2016 reveal that whilst turnover rose by 6.3% to £13.4m (2015: £12.6m), pre-tax profit was 4.5% lower at £158,527 (2015: £166,078) The results show that road haulage and warehousing delivered the lion’s share of the turnover, with the firm’s garage operation, crane hire and furniture […]
While 2018 is unlikely to be all plane sailing for road transport, things are looking up says Cato Syverson, CEO of Creditsafe. Figures from our most recent Creditsafe Watchdog Report show that the UK economic picture is starting to look a little less sluggish. Across 12 business sectors that we track on a quarterly basis, we saw outputs on the rise, with increased UK business sales and debt levels at a record low. In part, this narrative holds true for […]
Felixstowe-based Searon Logistics has entered administration after its largest customer moved to Southampton, causing a significant increase in costs.
UK Mail Group is expecting a 13% increase in turnover for the first half of this year, as it moves into a “challenging” 2013. Excluding Royal Mail price hikes that came into force on 2 April, the group is expecting a 10% increase in turnover on last year’s figures, as revealed in its pre-close trading statement published today (9 October). The firm stated that its performance in the first half of this year, ended 30 September, was “satisfactory” and in […]