Customers stockpiling for the UK’s original departure date from the EU drove Boughey Distribution to record a leap in turnover and operating profit in the year to 31 May 2019. In results published today (30 July), Boughey Distribution owner NWF said its food distribution business had high storage levels throughout the period as a result of new customers and customers requiring additional stock in preparation for Brexit, which was originally planned for March. Turnover increased 18.6% to £47.9m (2018: £40.4m) […]
Boughey Distribution parent NWF Group saw turnover at the division drop 14.2% last year and operating profit halved, due to difficult market conditions and poor consumer spending in supermarkets.
Boughey Distribution, the food division at NWF Group, is making “progress as planned” as it looks to consolidate work for several customers customers at its Wardle, Greater Manchester, site.
Boughey Distribution’s profit took a hit after it ran out of warehousing space and was forced to outsource some of its storage operation last summer.