Kinaxia’s acquisition of AKW Group and Fresh Freight helped deliver a 48% rise in revenues in 2019, but the group’s continuing acquisition drive and IT investments contributed to a loss of £1.8m in the period. According to the company’s latest annual results for the year to 31 December 2019 the company saw revenue leap to £169.9m (2018: £114.9m). However pre-tax losses increased to £1.8m from £755,540 in the previous year. Kinaxia, which runs a fleet of 845 vehicles, employs over […]
Free 15-minute consultations for companies emerging from the Covid-19 crisis are being offered on a first come, first served basis.
There’s a funding issue to be addressed in 2013 according to the transport commissioners’ annual reports, but operators aren’t expected to foot the bill. Roger Brown reports. Senior traffic commissioner (TC) Beverley Bell said her top priority during the coming year will be to hold talks with Vosa chiefs to ensure TCs continue to be properly resourced and financed. In the Traffic Commissioners’ Annual Reports for 2011-12, Bell explained that as their work is paid for by operators who have […]
The road transport sector saw a significant leap in both the money it is owed by creditors and what it owes to suppliers and contractors during the first quarter of the year, new data from Creditsafe shows.