S&S Distribution’s fleet investment programme and the loss of a local customer that relocated contributed to a fall in turnover and profit last year. In its latest annual results to 30 June 2017, Tonbridge, Kent-based S&S Distribution, which was bought by Palletline in May 2015, reported an 2.5% fall in turnover to £7.8m (2016: £8m) and an 17.7% fall in pre-tax profits to £269,896 (2016: £328,191). Palletline financial director Mark McColl told MT that Palletline is very happy with the […]
Palletline has appointed two new directors to its board.
Creditors of Palletline Logistics (Midlands) have voted in favour of the company voluntary arrangement (CVA) applied for by the haulier last month. MD Bob Russett (pictured) told Motortransport.co.uk he had mixed feelings after approval of the CVA this week (16 May): relief that it had passed ensuring a future for the business, but disappointment that the action had been necessary. “We are trading profitability and intend to keep doing so,” says Russett. The Birmingham haulier’s cashflow problems stemmed from errors […]
Palletline has purchased long-term member Fast Forward Distribution.