Meachers Global Logistics looks to batten down the hatches as Brexit looms

Meachers Global Logistics

Employment costs hit Meachers Global Logistics’ profit last year but the Southampton-based company has deeper concerns about Brexit, according to its chairman. For the year ending 31 May 2018, the logistics business, which is celebrating 60 years in business this year, reported turnover of £26.2m (2017: £26.1m). Pre-tax profit was down 4.5% to £1.9m (2017: £2m). However, chairman Bob Terris said he was happy with results given the pressure on employment costs and the fact that Meachers’ profit margin remained […]