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 […]
Some of road transport’s biggest companies could face a hit to their cash flow after the chancellor signalled he was bringing forward corporation tax deadlines forward yesterday.
The acquisition of Framptons Transport Services by Gregory Distribution (Holdings) boosted the latter’s pre-tax profit by 25% in 2015.
Maxi Haulage is on course to deliver “acceptable” profit levels this year after driver wage rises and a steep hike in shipping costs to Ireland saw the firm’s pre-tax profit take a 41% hit in 2017.