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 […]
Palletforce said investment in capacity, infrastructure and technology helped it deliver record distribution volumes during 2020.
Lloyd Fraser said it was in a strong financial position with healthy cash reserves after reporting a 3.4% increase in turnover last year.
Hitachi Capital Vehicle Solutions (HCVS) generated a pre-tax profit of £19.7m in the year ending 31 March 2021, despite a challenging year for the leasing market.