Cost-saving initiatives helped nudge Circle Express into the black last year, after it reported a pre-tax profit of £26,000. The express delivery company also saw turnover fall from £29.2m to £28.9m in the year ending 31 March 2019. However, it returned to profitability after reporting a pre-tax loss of £595,000 in 2018. In its review of the business, Circle Express said that at the end of the trading period it had made a “major investment in vehicles, moving away from […]
Royal Mail has gone all-in on a strategy based on parcels growth and international expansion to ensure its future, after its annual operating profit collapsed by more than a quarter as the decline in letter deliveries continued apace.
Creditors of Searon Logistics are thought to be owed £7.26m after the Felixstowe company’s fall into administration.