Abbey Logistics makes £3.6m loss after repositioning business for growth

Abbey Logistics

Abbey Logistics Group made a pre-tax loss of £3.6m for the year ended June 2018, after taking short-term pain for long-term gain as part of its self-set target to achieve an annual turnover of £100m by 2022. Turnover from continuing activities – stripping out its discontinued general haulage and Pallet-Track work –  was up 28% to £61.7m (2017: £48.4m) in the period. The company attributed this to several new contract wins and the acquisition of Armet Logistics in 2017. Abbey […]