Container haulier Pentalver Cannock said a rise in turnover and pre-tax profit during 2017 was essentially down to the continuing improvement in trading conditions since the economic downturn.
The company, with depots in Felixstowe, Southampton, London Gateway and Cannock, reported a 7.6% increase in turnover to £45.2m in the year ending 31 December 2017; up £3.2m on 2016’s £42m.
It put the rise down, quite simply, to an increase in haulage activity. Pre-tax profit jumped to £1.2m, an increase of 27.5% compared with £935,000 in 2016.
Its financial report added: “The company’s financial position is healthy with net assets remaining at a similar level to 2016.
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“The company has continued to have no long term borrowings, whilst the relationships with the major customers remains strong. The directors are confident of a positive future outlook.”
The company did not respond for comment as we went to press.
