The extent of the pandemic’s impact on DVSA coffers has been revealed in a Parliamentary minute, which confirmed that the testing and enforcement agency will not be making a return in this financial year. The Treasury minute, dated 31 March, stated: “The Secretary of State for Transport, being the responsible Minister, has determined (with HM Treasury concurrence) that, recognising the exceptional circumstances arising in financial year from 1 April 2020 to 31 March 2021, the Driver and Vehicle Standards Agency […]
Express parcels and mail provider UK Mail Group says it is taking action to plug the gaps in its pallet distribution business UK Pallets. It reported a significant decline in operating profit from this division during the first six months of the financial year. While revenue from its pallets business rose 0.8% to £14.3m in the six months to 30 September compared to the same period last year, operating profit fell over 26% to £800,000, said the firm. UK Mail […]
Howard Tenens remains confident that it is “well positioned” to grow its business, despite posting a 15.4% drop in pre-tax profit last year.
WH Malcolm saw pre-tax profits rise by more than half last year but warned that the Covid-19 pandemic will have an adverse impact on the company’s performance this year, despite a strong performance from its logistics division in the food and drink sector during lockdown.