Continuing delays in the Coronavirus Business Interruption Loan Scheme (CBILS) means operators are now on a cliff edge of financial ruin, the FTA has warned. It accused the Chancellor Rishi Sunak of not doing enough to help logistics firms, five weeks after he promised to take “all action necessary” to make sure government backed loans were benefitting businesses. David Wells, FTA chief executive said holes in companies’ cash flow were now emerging, caused by a lack of billable work from […]
Despite turnover rising by almost half in 2017 Simon Gibson Transport saw its profit fall for the third consecutive year as the firm continued to invest “heavily” in its fleet.
Chester-based third party logistics provider Great Bear Distribution has said it “performed well” last year after raising turnover by over 12% and pre-tax profit by nearly 8%.
DX Group’s new management team said last week that its turnaround strategy was gathering pace at the embattled business.