Fowler Welch sees turnover climb but profit stall


 

Fowler Welch saw turnover climb 6% to £178.7m in the year to 31 March, although annual profit was pegged back due to operational inefficiency at certain depots. Topline growth was driven by two “significant contracts” that commenced mid-way through the financial year, as well as organic growth. In its results statement, parent company Dart Group said that while Fowler Welch had performed well in the year, varying chilled volume profiles at certain depots led to some operational inefficiency as customer […]