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 […]
Yodel has reversed its decision to sack licensed security staff at its Hatfield depot and allegedly try to replace them with lower paid non-Security Industry Authority (SIA) licenced personnel.
The current limited drivers’ hours relaxation has been extended until 31 May “in response to unprecedented pressures on local and national supply chains”.
A revival in activity within the construction sector helped ET Holdings more than treble profit before tax in the year to the end of March 2014, from £192,000 to just under £760,000.