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 […]
Skills for Logistics (SfL) has started the roll-out of its Logistics Guild and revealed it will be free to join. The modern day guild, which MT revealed had secured funding last month (17 September), is described as “a member network run by members”. It is intended to meet the development needs of the 2.4 million people that work in logistics. “The guild will build the self-esteem of many workers in the sector and improve its image,” SfL chief executive Mick […]
Howard Tenens remains confident that it is “well positioned” to grow its business, despite posting a 15.4% drop in pre-tax profit last year.
Stobart Group says it has seen no significant improvement in its transport business’s fortunes, since it warned of tough trading conditions at the end of June. In a pre-close statement the company, which has just announced it will be increasing its hybrid truck fleet, says the UK recession is dampening growth within transport. While the majority of the Eddie Stobart transport business has progressed well, the restructuring of the chilled business alongside bad simmer weather has resulted in losses. Stobart, […]