Amazon’s drive to use “cheaper hauliers” combined with “fierce” competition, tight margins and the driver shortage have seen Currie Solutions’ pre-tax losses almost quadruple. However, managing director Stephen Turner remained upbeat this week, insisting that the Dumfries-based haulage firm is going through a period of transition as it expands and develops its services, following the company’s MBO in January this year. Reporting its latest annual results to 31 December 2018, the haulier revealed a fall in turnover to £39.4m (2017: […]
Premier Logistics (UK) was loss-making in the eight months to 31 December 2017 newly published accounts from the embattled group reveal.
Creditors seldom get back all of the money owed to them when a company becomes insolvent, but you don’t have to take things lying down.
City Link will need to improve account management and customer service if it is to become profitable again, analysts said, following its sale to private equity investor Better Capital.