Challenging market conditions led to a £1.3m fall in turnover at Fred Sherwood & Sons (Transport) last year. The Leicestershire family firm reported a £33.4m turnover in the year ending 31 March 2018, down 3.7% compared with 2017’s £34.7m. Pre-tax profit was £2.6m (2017: £671,688) but the haulier said the increase was due to receiving a £2m dividend from a subsidiary company. In its review of the business, Fred Sherwood & Sons (Transport) said the fall in revenue had occurred […]
Fred Sherwood & Sons (Transport) saw pre-tax profit fall 18% last year with turnover also declining by 5% in the period.
Rhys Davies & Sons saw both turnover and pre-tax profit rise last year, through a mixture of cost control and volume growth.
UK Mail chief executive Guy Buswell has said the company will be investing in its depot network and automated sortation equipment after delivering an18% uplift in pre-tax profit.