The government’s furlough scheme has proven to be a lifeline for Scottish haulier John Mitchell (Grangemouth) during a “tough” trading year. MD Iain Mitchell told motortransport.co.uk that it had experienced a “major slowdown” after reporting a £2.1m profit for the year ending 31 March 2020. However, he remained confident it would recover during 2021. Its latest results showed it also increased turnover by 12% to £19.2m, but the subsequent lockdown meant it was forced to utilise the furlough scheme. Mitchell […]
“Urgent action needed to stop avalanche of redundancies and insolvencies,” warns head of Logistics UK
Logistics UK has warned the government it needs to act now to stimulate economic activity and restore consumer confidence amid claims the nation’s businesses are “stagnating” after two months of cautious re-opening following the pandemic.
Knights of Old Group has insisted it is on course to return to operating profitability this year after its latest results showed a £1.2m pre-tax loss.
The financial standing system should be completely reviewed when the UK leaves the EU, according to the FTA.