Fuel, food and feed distributor NWF Group, owner of Boughey Distribution, saw pre-tax profit for the year ended 31 March 2020 grow 36.1% to £13.2m (2019: £9.7m). Revenue for the period increased by 2.4% to £687.5m with market share gains in fuels and feeds and solid performance in food. The group completed and integrated three fuels acquisitions during the year, increasing the scale of the business by over 20%. Food’s new 240,000sq ft warehouse, now fully racked, increased total storage capacity by 35% […]
Yodel’s annual loss increased by nearly half, its latest financial accounts reveal, despite a change in senior management and the firm’s extensive remodelling of its network.
Howard Tenens Logistics’ first full year of trading delivered more than £66m in turnover and pre-tax profits of £4.7m.
The industry has welcomed the chancellor’s decision to cancel the planned September fuel duty rise, but says more still needs to be done to get the economy on the road to recovery.