Welch’s Transport’s move to newly acquired premises in Bedford and a continuing shortage of drivers during 2019 led to deepening losses and a 1.9% reduction in turnover. However, in its latest financial results, the company said the relocation represented a sensible long-term investment and the new site was performing satisfactorily by the end of the year. In the year ending 31 December 2019, the haulage and logistics firm reported a £14.1m turnover, down from £14.4m in 2018. It made a […]
NFT Distribution recorded a pre-tax loss in the 12 months to 2 April 2016 after exceptional costs of £7.1m, although the operator said it was now well placed to prosper.
Employment agency Redwigwam is scrapping fees until further notice to help logistics firms ensure they have enough drivers and warehouse workers to keep the supply chain moving. The company specialises in helping firms find flexible workers to carry out short-term and ad hoc jobs. Lorna Davidson (pictured), founder and chief executive of Liverpool-based Redwigwam, said: “Coronavirus is already having a massive impact on businesses across the UK and the government has made clear that the situation will get worse over […]
KNP Logistics Group, formerly known as Knights of Old Group, slashed its losses by almost two-thirds last year, boosted by major wins in the contract distribution sector, the acquisition of the assets of Steve Porter Transport for just £1, and a restructuring of its finance team, including the addition of a new chief financial officer.