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 said it had a “positive” year in food distribution despite difficult conditions caused by supermarkets that are fighting for market share deflating prices.
Boughey Distribution parent NWF Group saw turnover at the division drop 14.2% last year and operating profit halved, due to difficult market conditions and poor consumer spending in supermarkets.
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.