Associated Cold Stores and Transport sees pre-tax profit hit by loss of customer


 

Food logistics specialist Associated Cold Stores and Transport (ACS&T) took a pre-tax profit hit last year after a major customer terminated a contract with the company. Despite receiving a termination settlement payment of over £1m, the company’s pre-tax profits for the year fell to £1.8m (2018: £2.2m) with turnover falling to £25.5 (2018:£28.6m) in the same period. Reporting its latest annual results to 28 December 2019, the Maidstone-based company said the loss of the customer combined with a “change in […]