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 […]
Chilled food distribution specialist NFT has seen its turnover and pre-tax profit rise at the same time as signing a five-year refinancing package with HSBC. Turnover increased by 8% to £152.4m for the year-ending 31 March, from £140.9m a year ago. Pre-tax profit rose 60% from £1.4m to £2.2m. Its shared user transport network delivered an average of 39,000 pallets a week of food and general merchandise in the financial year, an increase of 40% year-on-year. A contract with an […]
Despite the high-profile collapse of Deben Transport last month, the amount of insolvencies overall in the transport and haulage sector is rapidly declining year-on-year.
The management team of Halcyon Tankers is planning to double the size of the firm this year after buying the company from Hargreaves Logistics.