Swain profits hampered by fleet investment and rebranding of business units


 

Heavy investment by R Swain & Sons led to a dip in profits last year, but it has stood the national distribution firm in a strong position for the future, according to its MD. Latest financial figures showed the Rochester-based haulier added £373,000 to its turnover in the year ending 28 December 2019, with revenues of £65.8m. Pre-tax profit fell by £1.7m to £172,000, but Swain MD Matthew Deer said this was due to investment across its divisions: “We are […]