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 […]
Surrey-based removals business Bishop’s Move has been sold to UK trade buyer AGM Group in a pre-pack deal.
Removal and storage firm Pickfords has completed a pre-pack administration led by its existing management team. Administrator BDO, which was appointed to the Wembley-based Moving Services Group UK on 23 November, sold the removal firm to recently incorporated Pickfords Move Management on the same day. The two legal entities share the same directors in the form of Yogesh Mehta, Russell James Start and Timothy Paul Romer, who is also company secretary. David Gilbert, BDO business restructuring partner, said: “This outcome […]
Increased competitive pressure in the moving market led to a 26.5% drop in pre-tax profits at Pickfords Move Management last year.