David Hathaway Transport increased profits by more than 52% before it was acquired by Kinaxia last year, recently published results show. The Bristol-based transport, storage and haulage contractor made a pre-tax profit of £688,000 in the year ending 31 May 2019, compared with £451,000 the year before. Turnover also rose by 11% to £15.6m during the period. The company said the increase in sales revenues was due in the main to new business in its existing customer base. Read more […]
UK Mail has revealed a pre-tax profit of £12.9m for the 12-months ended 31 March, down 19.5% on the previous year mainly due to a £2.2m hit from closure of four depots. Group turnover for the year was up by 8.4% to £429m, however, when adjusted for the increase in Royal Mail prices implemented on 6 May 2011, revenue increased by just 3.2%. The company says the results reflect UK Mail’s resilience during a year of tough trading in markets […]
Panther Warehousing has completed a management buyout (MBO), backed by private equity firm Lloyds Development Capital (LDC).
Bartrums has posted a combined turnover of £26.7m for its road services and haulage and storage arms, down on the previous year’s results, but pre-tax profit showed an improvement.