Tough market in removals sees Pickfords profits fall


 

Increased competitive pressure in the moving market led to a 26.5% drop in pre-tax profits at Pickfords Move Management last year.Latest financial results for the removal company, for the year ended 30 September 2019, showed profits fell by £547,000 to £1.5m. Revenue reduced by almost £600,000 to £58.9m, with £30.3m of this being derived from UK operations and £28.5m from overseas. In its financial report, Pickfords said it operates in an industry highly influenced by the UK housing market, as […]