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: […]
EV Cargo has strengthened its senior management team with the appointment of three executive vice presidents across its business development, marketing and communications, and technology functions. Previously a senior advisor at EV Cargo, Ross Eggleton becomes executive vice president business development, bringing an extensive range of FMCG, retail and consumer supply chain expertise. Long-standing Palletforce directors Dave Holland and Dean Hughes have been appointed as executive vice presidents of marketing and communications, and information technology respectively. The company said Holland […]
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 […]
EV Cargo UK chief executive Michael Conroy (pictured) is to leave the business just two months after being promoted to the newly formed role from his former position as Palletforce chief executive, which he held for 13 years.