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 […]
Cartwright Group has gone into administration today resulting in 490 redundancies at S Cartwright & Sons (Coachbuilders) and Cartwright Fabrications and the sale of subsidiaries Cartwright Finance, Cartwright Fleet Service and Cartwright Rentals to Contract Vehicles, the commercial vehicles division of leasing and fleet management firm Zenith.
Lenham Storage enjoyed a ‘successful’ year’s trading in the 12 months to 31 August 2015, but the driver shortage remained a challenge.