The collapse of British Steel and Wolf Minerals left Hargreaves Services £16.1m out of pocket for the year ended 31 May, the company said today. Publishing its full year accounts, Hargreaves Services said the cessation of trading at Wolf Minerals last October and the liquidation of British Steel in May turned it loss making in the period, though the company described its underlying performance as “satisfactory”. The loss came after Hargreaves Services recorded an £8.1m exceptional charge in regards Wolf […]
Today Wincanton posted what its MD Eric Born (pictured) called a “boringly predictable” set of half year results, with a 1.6% decline in group turnover and a 2.6% increase in operating profit.
Hargreaves Services is confident it can rebuild turnover and profit in its logistics business after the division suffered a 47% drop in operating profit to £2.3m last year.
The transport arm of the Hargreaves Group saw its profit almost halved in the year ending May 31 2015, after the sale of Imperial Tankers to the Suttons Group last autumn.