Aggressive cost control measures helped Palletline ride the initial storm of Covid-19 last year, with reported operating and pre-tax profits significantly up on 2019. The latest financial results for the pallet network, for the year ending 30 June 2020, showed that it increased turnover by 1% to £150.2m. But pre-tax profit increased from £375,000 in 2019 to £1.1m during the period, with an operating profit of £1.3m – well ahead of the £528,000 reported in the 2018/19 financial year. In […]
Firms thought to be left out of pocket following the administration of car transporter Eulos.EU will now receive a distribution after an unexpected insurance settlement led to an £11,000 payout.
A combination of organic growth in its same-day distribution business and the acquisition of six companies last year helped courier firm CitySprint increase its turnover.