ArrowXL Worcester hub fire casts long shadow over 2019 pre-tax profits


 

The effects of a major fire that destroyed ArrowXL’s Worcester hub in 2017 are continuing to reverberate through the business, with the company reporting a 92% fall in pre-tax profits last year. In its latest annual results to 30 June 2019 the Yodel sister company, which specialises in two-man delivery and installation services, revealed a 92% pre-tax profit plunge to £62,000 (£862,000), despite turnover rising to £88.2m (2018: £78.1m) in the period. EBITDA fell to £3.2m (2018: £3.6m) in the […]