Wincanton saw annual turnover fall in the year ended 31 March 2019 but profit increase, thanks to a strong performance in retail that offset contract losses elsewhere. Turnover was 2.6% lower for the period at £1.14bn (2018: £1.17bn). Pre-tax profit (normalised to strip out exceptional items such as previous restructuring) was up 6.3% to £49.3m (2018: £46.4m). Its statutory pre-tax profit for the period was 28.2% more at £48.6m (2018: £37.9m). Wincanton’s debt was down by more than a third […]
Pall-Ex has signed its fourth European partner and launched its first all-new livery since Hilary Devey founded the pallet network in 1996. The new principal national partner, which can’t be named, will run Pall-Ex France as key-franchisee for the territory. Pall-Ex France will have a central hub in the Orleans region of France, and the new partner plans to be up and running by the final quarter of this year. The deal keeps Pall-Ex on course to realise its plan […]
Cambridgeshire-based Knowles Transport slipped into the red after operational issues at its – at that point – newly opened Wisbech DC resulted in “significant costs”.
Container haulier Macintyre Transport has reported a 26% rise in profits on the back of extending the working life of some of its vehicles.