Knights of Old Group has insisted it is on course to return to operating profitability this year after its latest results showed a £1.2m pre-tax loss. It said new deals in the contract distribution sector and the acquisition of Steve Porter Transport in August 2019 will help the business return to profit. Group turnover for the year ending 31 May 2019 rose to £58.6m from £56.3m the year before. It also more than halved its losses, after posting a £2.9m […]
Fuel, food and feed distributor NWF saw performance fall in the latter half of last year as the impact of Covid-19 and Brexit uncertainty took its toll on the business.
United Pallet Network member DBL Logistics has secured £1.8m of funding from HSBC to expand the business with a new 50,000ft² Sheffield DC. Due for completion in January 2013, the new site will run in tandem with DBL’s existing 25,000ft² facility in the Sheffield Business Park, and the company hopes additional volumes will boost its annual turnover, currently £3m per year. The company holds an O-licence for 15 trucks and trailers, but will look to increase the authorisation to 25 […]
The government has launched the Trader Support Service this week which aims to help Northern Ireland firms deal with the red tape created by the new Irish Sea border, which comes into force when the UK leaves the EU on 1 January next year.