Lockwood trades strongly through Covid but profits under pressure


 

Lockwood Haulage reported a 3.7% increase in turnover last year, which it attributed to investments in its fleet and its warehouse capacity. Latest results for the Derbyshire transport company show that for the year ending 31 January 2020, it increased revenues to £20.7m (£20m), although its pre-tax profit fell by 40.1% to £513,000 (£866,000). The company, part of the wider Lockwood Group, increased turnover in both its haulage and warehousing businesses. In a review of its business, the company said […]