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 enjoyed a solid year of growth despite cut-throat competition amongst the supermarkets, with its Palletline operation growing faster than expected.
Boughey Distribution parent NWF Group had a stable quarter of trading over the summer as it revealed that all customers have now been relocated to its Wardle, Manchester, DC.
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.