Pickfords profits rise despite drop in turnover


 

Profits increased at removals firm Pickfords Move Management last year, but the impact of Covid-19 knocked almost a fifth off its turnover. Latest financial results for the year ending 30 September 2020 showed that the company increased pre-tax profit by 37% to £2.1m, but revenue reduced by 19.6% to £47.3m. Gross profit fell to £11.7m compared to £14.3m in 2019. In a statement signed off by the board, Pickfords said: “The impact of the Covid-19 pandemic has affected the company’s […]