Saints Transport saw a dramatic drop in pre-tax profit in 2016, in a year that saw the company undergo a major fleet renewal and chairman Piers Carroll complete an MBO. The operator made a pre-tax loss of £524,000 in the year ended 31 December 2016, a 302% drop on 2015’s pre-tax profit of £259,000. In its strategic report Saints attributed falling profit to the £5.6m spent on fleet renewal, and costs associated with the management buyout. The MBO was completed […]
A turn-round strategy introduced at Aspray Transport last year led to the next day carrier spending almost £400,000 to tackle a “highly challenging” environment resulting in the firm recording a loss.
A double-digit rise in income from its expanding warehousing operation helped food logistics service provider Grocontinental achieve a 6% increase in turnover in the year to 31 October 2014.
Glenfield Storage Solutions, a successor company to failed Widdowson Logistics, remains a going concern despite net liabilities of close to £98,000.