An investment in Elddis Transport’s fleet and IT systems and the need to restate its 2016 accounts due to an “adjustment” in the way its hire purchase interest was reported, saw annual profit fall in its latest published accounts. In the year to 31 December 2017 the County Durham operator revealed a 5% rise in turnover to £26.9m (2016: £25.6m). However pre-tax profit fell to £479,000 (2016: £777,000) in the period. Speaking to MT, MD Nigel Cook, said: “Pre-tax profits […]
North East haulage firm Elddis Transport reported “a solid performance” in its latest financial results, despite tough trading conditions.
The government’s apprenticeship levy will come into force in April 2017. This means in just four months, companies with a payroll of £3m or more will be paying 0.5% of that cost into a pot, which UK businesses will be able to draw from for staff training.
Elddis Transport MD Nigel Cook has been appointed chairman of the High Cube Network, a consortium of eight operators, including Elddis, S&R Smith and Sons and Owens Transport, that was launched in April.