Maxi Haulage is on course to deliver “acceptable” profit levels this year after driver wage rises and a steep hike in shipping costs to Ireland saw the firm’s pre-tax profit take a 41% hit in 2017. Reporting its annual results to 30 September 2017, the Irvine-based Maxi Caledonian subsidiary revealed that whilst turnover rose 11% in the year from £56.1m to £62.3m, pre-tax profit fell 41% from £2.3m to £1.3m. Maxi Haulage MD Alan Miles told MT: “The biggest impact […]
Challenging market conditions in the UK and Europe combined with the loss of a major fashion contract saw pre-tax losses widen and turnover fall at TNT UK last year.
The future of Hellmann Worldwide Logistics rests on the success of a major refinancing deal being negotiated by its German parent company, the 3PL’s auditor KPMG has warned.
Glenfield Storage Solutions, a successor company to failed Widdowson Logistics, remains a going concern despite net liabilities of close to £98,000.