Knights of Old has come out fighting after landing a major new contract and vowing to overcome a difficult period that saw it record a “substantial” operating loss of £2.7m. The Kettering-based group’s latest accounts for the year to 31 May 2017 reveal a bruising period in which it restructured its finance team and replaced senior personnel within it. In the strategic report to the accounts, the business describes “a material misstatement of information presented to the board during the […]
Tilbury, Essex-based logistics and freight forwarding firm Arcese UK has slumped into the red, but has vowed to increase both turnover and profit this year.
Knights of Old has added the new Iveco Stralis Hi-Way to its fleet along with five Stralis Hi-Roads.
Premier Logistics MD Lee Christopher has predicted the haulier will bounce back after two disastrous acquisitions and the end of its Pall-Ex work led to a £1m loss that triggered an emergency loan from its new network.