The driver shortage becoming more acute drove CM Downton’s profit down in the 2016/17 financial year, and the operator said it’s having its “most difficult commercial conversations” with clients to date as it moves to increase fees. MD Andy Downton told MT that its 9% pre-tax profit drop to £5.1m in the year ended 30 June 2017 was “symptomatic of increased driver costs and increased agency costs” but that the business had the situation in hand. He said: “The driver […]
CM Downton walked away with the big prize of the night – the Haulier of the Year trophy – in front of a sell-out audience of 1,500 at last night’s Motor Transport Awards (13 June). Delighted directors of the family firm Andrew, Richard and John Downton, collected the trophy from co-host Sean Lock. The Moreton Valance, Gloucestershire-based firm has achieved the remarkable feat of boosting turnover and doubling operating profit since the credit crunch struck in 2008 – a performance […]
Former Bibby Distribution head of business development, David Hutchings, has been appointed to the newly created role of head of business development at Gloucestershire-based CM Downton. Downton, which won the Motor Transport Haulier of the Year Award in June and has doubled its turnover in the last three years, says Hutchings will be key to achieving its targets for further growth. Prior to joining Bibby, Hutchings held senior business development roles at Wincanton and Christian Salvesen.