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 […]
Elddis Transport increased its turnover and profit in 2018, despite the County Durham company getting a drubbing from the Beast from the East.
Elddis Transport has joined Palletforce after a 17-year hiatus from pallet networks.
“I’m sat looking at an old Commercial Motor cover from 2010”, says Elddis Transport MD Nigel Cook. “There’s a big picture of an Elddis truck on it with the words ‘collaboration is key to success’. Nothing has changed.”