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 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 […]
Former Bibby Distribution head of business development, David Hutchings, has been appointed to the newly created role of head of business development at Gloucestershire-based CM Downton. Downton, which won the Motor Transport Haulier of the Year Award in June and has doubled its turnover in the last three years, says Hutchings will be key to achieving its targets for further growth. Prior to joining Bibby, Hutchings held senior business development roles at Wincanton and Christian Salvesen.
Ross Eggleton has left his role as chief executive of NFT to become a senior advisor at its parent company EV Cargo.