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 snapped up its seventh haulage firm in just over five years, with Telford-based AJ Maiden & Son, which trades as Maiden’s of Telford, joining the fold.
Kinaxia Logistics will move into a flagship warehouse facility at the Prologis-owned Daventry International Rail Freight Terminal (DIRFT) later this summer.
Kinaxia Logistics has made its tenth acquisition with the purchase of Palletline-member AKW Group for an undisclosed sum.