Kinaxia Logistics grew turnover by 40% last year, reflecting the full-year effect of its acquisition spree during 2017 and 2018. However, it made a pre-tax loss of £755,540 after its investment in two major warehousing operations incurred “heavy set up costs”, relating to rent, rates, labour and fit-out expenditure. It said significant due diligence and fee costs relating to acquisitions also hit its profitability, although the majority of these costs are one-offs. The haulage and warehousing group reported revenues of […]
Kinaxia Logistics has bought Mark Thompson Transport, its eighth operator acquisition in just over five years.
Eastleigh, Hampshire-based Lambert Brothers has been acquired by Kinaxia Logistics, an investment company that also acquired Snetterton, Norfolk-based Foulger Transport last month.
Kinaxia Logistics has set the FORS standard as the requirement across its group of eight operators.