NWF Group – owner of grocery specialist Boughey Distribution – has reported trading is in line with expectations, with figures for the half year expected to be ahead of 2018. The specialist UK distributor of fuel, food and feed said that the recent completion of two acquisitions in its fuel network, Caldo Oils and Ron Darch & Sons, was in line with a strategy to expand its geographical footprint and grow market share. In a trading update it said these acquisitions are […]
Plenty more profit raking this week as transport shares took a tumble, but one faller stood out more than most: Wincanton – which has suffered a pretty dramatic fall in the past two months.
Boughey Distribution parent NWF Group has revealed that its pre-tax profit fell by a third, despite a 16% increase in revenue. Revenue rose to £540.2m for the year-ending 31 May, up from £463.8m 2011. However pre-tax profit dropped to £5.1m, compared to £7.6m in the previous financial year. Chief executive Richard Whiting says: “NWF has delivered a profit in line with the board’s expectations and has been successful in reducing debt further than expected.” Fuel division NWF Fuels continues to […]
Turnover at Boughey Distribution fell during the first half of its current financial year, despite winning a number of long-term contracts.