Grocery distribution and warehousing specialist Boughey Distribution is experiencing a surge in activity as customers make contingency plans in case of a no-deal Brexit. Providing an update today in parent group NWF’s half-year results to 30 November 2018, chairman Philip Acton said Boughey Distribution was experiencing high activity rates. He added this appeared to be being driven by customers “considering their options for storing additional stock as a contingency against a hard Brexit” and Boughey Distribution had benefitted from the […]
Boughey Distribution parent NWF Group has revealed that its pre-tax profit fell by a third, despite a 16% increase in revenue. Revenue rose to £540.2m for the year-ending 31 May, up from £463.8m 2011. However pre-tax profit dropped to £5.1m, compared to £7.6m in the previous financial year. Chief executive Richard Whiting says: “NWF has delivered a profit in line with the board’s expectations and has been successful in reducing debt further than expected.” Fuel division NWF Fuels continues to […]
Boughey Distribution’s profit took a hit after it ran out of warehousing space and was forced to outsource some of its storage operation last summer.
Boughey Distribution’s parent company NWF Group says trading for the year ended 31 May has been in line with expectations. However, its food division, which incorporates the activities of Boughey Distribution, has experienced a weaker second half, which NWF says reflects lower volumes stored in the business. Nevertheless, the division’s profit contribution is expected to be ahead of expectations when the full-year results are announced on 14 August. NWF’s fuel distribution business has suffered a “disappointing” year, which the group […]