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 […]
The haulage industry fared better than most UK sectors during the second quarter of the year, with a slowdown much less pronounced than elsewhere, according to official figures.
Croydon-based PF Whitehead Transport Services increased profits by 2.6% last year on revenues that remained broadly static.
Great Bear Distribution delivered a stellar performance in the final financial year before Culina Group bought it in March.