Removals firm Pickfords has more than doubled its pre-tax profit to £2m thanks to better control of fixed costs. Despite operating in an industry highly influenced by the UK housing market, as well as international moves, the latest results for Pickfords Move Management show profit increased by 111% for the year ending 30 September 2018, from the previous year’s £977,759. However, turnover fell £4.6m to £59.5m during the period. In a review of its business, Pickfords described the UK removals […]
Increased competitive pressure in the moving market led to a 26.5% drop in pre-tax profits at Pickfords Move Management last year.
Surrey-based removals business Bishop’s Move has been sold to UK trade buyer AGM Group in a pre-pack deal.
No doubt about it, 2012 was incredibly tough for UK logistics operators. Profits were low, costs were high and obtaining credit to invest remained hard. The double-dip recession we all feared is in danger of turning into triple-fall and GDP growth was more sluggish than a snail on valium. Forecasts for growth in 2013 range from 1% by the Bank of England (BoE) to 1.4% by the Confederation of British Industry, with the BoE also predicting that it will be […]