C Butt Logistics turned a profit in its 2017/18 financial year for the first time since 2014, 12 months ahead of its self-predicted return to the black. The business suffered a 30% increase to its pre-tax loss in the year ended April 2017 to £461,654 (2016: £355,761). But joint MD Jonathan Butt told MT in February that the operator was on the up and up again, and predicted it would be turning a profit again come 2019. Today (23 July) […]
C Butt made a loss for the year ending April 2016 of almost £356,000, but added its balance sheet and cash reserves remained strong.
C Butt left Pall-Ex more than a year ago – just six months after joining – because its first foray into a pallet network failed to live up to its expectations, Motortransport.co.uk has learnt.
Pall-Ex’s ambitious European expansion plan remains on track, despite the economic volatility gripping the Continent, deputy MD Cris Stephenson has said. Pall-Ex has set itself the target of having a 15 country-strong network of European franchisees by 2015. Stephenson confirmed its European expansion was “on track, and unchanged”. He said pallet networks’ inherent efficiencies and co-operative approach meant that, despite Europe’s troubles, they “play into that quite usefully. In times of economic trouble they are [often] a better option.” Pall-Ex […]