Pandemic slows Fred Sherwood profit surge


Fred Sherwood & Sons (Transport) saw revenues grow by 2% to £34.6m last year, but the bulk haulage firm said Covid-19 had since had an adverse impact on the business. Accounts for the Leicestershire family firm, for the year ending 31 March 2020, showed that pre-tax profits also increased by 22.4% to £762,000 after an unrealised gain of £150,000 on revaluation of investment property. The company added that its property portfolio continued to provide a steady income return. In its […]