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 […]
City Link and its former parent Better Capital are “morally, if not legally, responsible” for the financial difficulties that some of its creditors now face, a group of MPs looking into the collapse of the company have said.
Clipper Logistics Group saw turnover in all of its divisions soar in the year before its IPO as a result of e-commerce business win, as well as organic growth from existing contracts.
Clipper Logistics has more than doubled its pre-tax profit in the first half of the financial year, as it felt the benefit of a multitude of contract wins.