Cambridgeshire-based Knowles Transport slipped into the red after operational issues at its – at that point – newly opened Wisbech DC resulted in “significant costs”. The firm’s newly published annual results covering the year to 31 December 2017, reveal that that while turnover at the company rose to £30.4m (2016: £23.2m) in the period, it actually made a pre-tax loss of £4.4m. This compared with a profit of £2m in the previous year. In its strategic report to the accounts […]
TNT UK’s pre-tax loss ballooned to £22.1m last year ahead of its acquisition by FedEx Corporation in May 2016.
Glenfield Storage Solutions, a successor company to failed Widdowson Logistics, remains a going concern despite net liabilities of close to £98,000.
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.