The road transport sector saw a significant leap in both the money it is owed by creditors and what it owes to suppliers and contractors during the first quarter of the year, new data from Creditsafe shows. While sales increased quarter-on-quarter by 1.3% to £36.6bn the sector’s retained profit slid in the same period by more than 11% to £343.4m. Bad debt increased significantly with a jump of 337% quarter-on-quarter in regards the money road transport operators are owed, which […]
Operator EM Rogers saw its pre-tax profit soar last year in the wake of low fuel prices and a strong pound against the euro, but said the UK’s vote to leave the EU could now prove costly to its operation.
Despite the high-profile collapse of Deben Transport last month, the amount of insolvencies overall in the transport and haulage sector is rapidly declining year-on-year.