Ballyvesey sees profits plunge in “difficult” year


 

Ballyvesey Holdings saw a fourfold profits fall in 2019 in what the company described as a “difficult” year in an intensely competitive market. In its latest financial results to 30 September 2019, the privately owned logistics giant, which owns Montgomery Transport, Montracon Trailers and a number of truck and heavy plant dealerships, recorded a pre-tax profit of £1m for the period – down from £4.4m on the previous year – despite a 21.6% increase in turnover to £754m. In its […]