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 […]
Kinaxia Logistics has snapped up its seventh haulage firm in just over five years, with Telford-based AJ Maiden & Son, which trades as Maiden’s of Telford, joining the fold.
Aberdeen-based ARR Craib Transport has said that the falling price of oil in 2014 did not stop its growth last year, as it leaned on food and drink and construction and building customers. In the year-ending 31 March 2015 turnover rose to £52.8, from £46.1m in the previous year, while pre-tax profit was flat at £1.69m.
S&S Distribution has returned to profitability helped by its warehousing division and investment by new owner Palletline.