Miniclipper Logistics has reported pre-tax profits were down 22.4% at £796,176 for the year ending 31 May 2020 with turnover dipping by 3.9% to £14,699,129. However, MD Peter Masters said that although business for the Palletline member had been impacted by the initial lockdown, it has since “bounced back strongly”. “Ultimately it was a strong year,” he told motortransport.co.uk. “Before Covid we were beating budget. If you’d given me those figures considering what’s happened I’d have snapped your hand off. […]
The level of financial standing standard O-licence holders will have to demonstrate is likely to increase in 2017, due to the drop in the value of the pound against the euro.
Stobart Group reported an increase in turnover and profit in its transport and distribution unit in its final year as a fully-owned division of the business.
Xpediator has defied the Covid-19 pandemic to deliver an 18% rise in pre-tax profits this year, according to the company’s latest trading update.