EFS Global boosted its revenue by 44% during the last financial year, new documents have revealed. The Burnley-based haulage and logistics business reported a turnover of £37.9m in the year ending 31 March 2020, an increase from £26.3m the year before. Gross profit grew from £4.3m to £5.2m over the same period, but additional costs resulting from a series of acquisitions saw pre-tax profit slide from £1.1m in 2019 to £647,000. In its financial results, the acquisition-hungry company said that […]
Kinaxia is preparing to forge ahead in 2022 after weathering the worst of the pandemic and Brexit to deliver a 66% rise in operating profit, chief executive Simon Hobbs told MT this week.
The managing director of John Mitchell (Grangemouth) said an increase in turnover and profit at the company was down to being tough with customers who wouldn’t move on rates.
Redhead International has officially opened its new depot in Northern Ireland’s Mallusk. The opening ceremony on 27 July was performed by Northern Ireland’s executive minister for regional development, Danny Kennedy. The new 33,000ft² facility features a 20-tonne overhead crane for heavy lifting, as well as office space. Redhead international’s director of Ireland and Scotland Mark Cosgrove says: “While we have had this type of capability in Great Britain and Dublin for many years, the new Mallusk depot will allow us […]