Losses mount at Abbey Logistics


Abbey Logistics has reported pre-tax losses of £3.67m for the year to 29 June 2019, after a restated loss of £4.42m in the previous year. Turnover was down slightly at £62.68m after rising 28% in 2018 due to several contract wins and the acquisition of Armet Logistics in 2017. The company said that an operating loss of £3m before exceptional costs in 2019 “reflects a period of significant transition for the group and was broadly in line with directors and […]