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 […]
Mounting concerns that the country will leave the European Union (EU) without a deal in October has prompted major logistics provider Uniserve to contact its customers for details of their shipments up until the end of the year.
Rhys Davies & Sons saw both turnover and pre-tax profit rise last year, through a mixture of cost control and volume growth.
With exactly 12 months to go until the UK is due to leave the EU, there are still huge uncertainties surrounding the UK’s post-Brexit trading relationship with the EU. The FTA is advising members that anything better than a ‘no-deal’ Brexit – that will see the UK trading with the EU27 members under World Trade Organisation (WTO) tariffs from March 29 2019 – will be ‘a bonus’.