The transport industry could cost the Treasury £1.2bn in Covid-19 loan defaults, according to research by Business Rescue Expert. The research looked at the rate at which small businesses have used the government’s Bounce Back Loan Scheme (BBLS) since its launch in May 2020. As the first repayments under the BBLS scheme now fall due, Business Rescue Expert found that overall the BBLS could cost the Treasury £27bn in loans that will not be repaid, with the transport and warehousing […]
Heavy investment by R Swain & Sons led to a dip in profits last year, but it has stood the national distribution firm in a strong position for the future, according to its MD.
UK commercial vehicle (CV) production fell by 61.6% in May, with just 810 vehicles built as many plants remained shuttered amid the Covid-19 lockdown.
Leeds-based Bedfords Group has made “significant progress” in adding new streams of business, according to its latest results, despite recording a pre-tax loss of £221,415 last year.