There has been a jump of almost a quarter in the number of transport and logistics SMEs experiencing significant financial distress compared to the end of last year, according to a new analysis. RealBusinessRescue.co.uk, set up by Begbies Traynor to advise business leaders in financial distress, also said the number of start-up transport firms now struggling financially had increased by 60% during the last quarter, due to the pandemic. It said there were now 19,000 SMEs battling against insolvency, a […]
Bulk haulage firm Fred Sherwood & Sons saw its pre-tax profit tumble by three quarters to £644,000 last year as the firm battled declining asset resale values, rising fuel prices and pay rate pressures.
Turnover at county Durham car transporter Beamish Transport plummeted by 20% in 2018 “arguably because of Brexit uncertainty”, according to its administrator.
Freight operator DFDS Seaways saw freight volumes increase in September after plunging 22% at the peak of the Covid-19 lockdown, according to its latest annual report.