Contract changes and one-off project costs contributed to Gist’s annual profit plunging by more than half last year, according to the firm’s latest results. Whilst the food, networking and contracts logistics business saw turnover rise 4.8% to £437.3m (2016: £416.6m) in the year to 31 December 2017; its pre-tax profit fell 50% to £8.8m (2016: £17.7m). In its strategic report to the accounts, the company, which counts M&S, EAT and Starbucks among its clients, attributed the downward profit spiral to […]
Cambridgeshire-based Knowles Transport slipped into the red after operational issues at its – at that point – newly opened Wisbech DC resulted in “significant costs”.
Gist has signed an unspecified extension to its five-year old contract with Starbucks to provide UK in-bound, storage, order processing and delivery-to-store services.
Advanced Supply Chain suffered a 44% drop in pre-tax profit in the year ended 30 June 2014, according to newly published accounts at Companies House.