The profitability of the Cartwright group was already on a “downward trajectory” before the advent of the coronavirus pandemic, with margins impacted by loss-making contracts, according to administrators. In a report to creditors, Michael Magnay and Daniel Smith at Deloitte LLP said the closure, break-up and sell-off of one of the UK’s leading trailer manufacturers was precipitated by losses in its largest business: S. Cartwright & Sons (Coachbuilders) (SCSC). The report said: “In recent years, the group has focused on […]
Norbert Dentressangle has reported a 9.1% increase in pre-tax profit on the back of an 8.5% increase in annual turnover for 2012.
Events hauliers are counting the cost of the coronavirus outbreak this week as multiple conferences, exhibitions and music events continue to be either cancelled or postponed across the UK and Europe.
Drivers at Ferguson Transport and Shipping are calling on the company to furlough them as they struggle to survive on short-term working rates of £25 a day introduced at the firm as a result of falling workloads brought on by the COVID-19 pandemic.