Bulk haulage firm Fred Sherwood & Sons saw its pre-tax profit tumble by three quarters to £644,000 last year as the firm battled declining asset resale values, rising fuel prices and pay rate pressures. Whilst the Leicestershire family firm saw turnover rise in the year to 31 March 2019 to £33.9m (2017: £33,775), this was attributed largely to recharge sales, with haulage turnover declining “slightly” in the period, according to its latest annual results. In the same year, pre-tax profit […]
Arcese UK reported a £2.9m increase in turnover last year, but profit slid further into the red, with the firm making a £939,000 pre-tax loss “due to increasing business costs”.
A shortage of suitable subcontractors contributed to a squeeze on margins at automotive logistics specialist Brit European Transport in its last financial year.