CM Downton achieved a record turnover in the year it was acquired by EmergeVest for £75m, although costs associated with the deal weighed on the firm’s annual profit. In the year to 30 June 2018, turnover increased 9% to £127.3m (2017: £116.8m) accounts filed at Companies House show. An increase in administrative costs connected to March’s sale to EmergeVest resulted in pre-tax profit for the period standing 45% lower at £2.8m (2017: £5.1m). Recently installed MD Duncan Eyre told motortransport.co.uk: […]
CM Downton has placed a £9m order for 120 Daf XF 460s.
NFT Distribution has added 82 Renault Range T460 6×2 tractor units with sleeper cabs and 40 new Schmitz Cargobull tri-axle reefer trailers to its fleet in a bid to cut fuel use and emissions.
CM Downton walked away with the big prize of the night – the Haulier of the Year trophy – in front of a sell-out audience of 1,500 at last night’s Motor Transport Awards (13 June). Delighted directors of the family firm Andrew, Richard and John Downton, collected the trophy from co-host Sean Lock. The Moreton Valance, Gloucestershire-based firm has achieved the remarkable feat of boosting turnover and doubling operating profit since the credit crunch struck in 2008 – a performance […]