Brexit and new accounting regime hit profits at Gefco UK


 

Gefco UK has attributed a drop in turnover and profit to “Brexit-related” concerns and new accounting procedures. The Coventry-based firm, which is part of global group Gefco, specialises in automotive logistics and industrial supply chain services. French company Group PSA, which owns Peugeot, Citroën and Vauxhall, holds a 25% stake in the business, having sold off 75% of its stake in the business to Russian Railways in 2012. Gefco UK, which has 13 depots across the UK, employs over 600 […]