Reed Boardall Group profit soars despite ‘fierce competition’

Reed Boardall_ Sarah Roberts, FD, and Marcus Boardall, deputy chief exec

Reed Boardall Group saw pre-tax profit rise almost 60% last year despite “fierce competition” in the transport industry and rising fuel costs. Reporting its latest annual results to 31 March 2018, the temperature controlled logistics firm revealed a 2.3% rise in total turnover to £61.6m (2017: £60.2m) and a profit hike of 59% to £1.4m (2017: £865,921). This represented a profit margin of 2.3% compared with 1.4% a year ago. The group’s cold storage services division provided the lion’s share […]