Eddie Stobart Logistics (ESL) achieved a major milestone in 2018 as it spent big on transforming itself into an end-to-end transport supplier with turnover, profit and debt surging as a consequence. The company went on a buying spree following its listing on the Alternative Investment Market in 2017. It said its acquisitions: iForce, The Pallet Network (TPN), The Logistic People and Speedy Freight, had all performed strongly. This, with contract wins worth £162m on an annualised basis and growth via […]
Laser Transport International suffered a “savage” financial hit due to the devaluation of the pound in 2016 after the UK’s vote to leave the EU, newly published accounts show.
A property revaluation was responsible for scuppering the bottom line at Bradford-based Expect Distribution in the year to the end of November 2012. It was enough to turn the previous year’s profit before tax of £432,500 into a loss of more than £943,700, despite a 14% rise in turnover from £15.8m to £18.1m.
The newest member to join the Pall-Ex network only launched in July, but its directors said its aim was to generate revenues of £10m within two years.