Palletforce said investment in capacity, infrastructure and technology helped it deliver record distribution volumes during 2020. Revenue for the year ending 31 December 2020 increased by £19.5m to £136.6m (2019: £156.1m) and underlying EBITDA was £12.24m (2019: £8.98m) reflecting a margin of 9%. Pre-tax profit was £11.2m (2019: £7.65m) which represents an operating margin of 8.2% (2019: 4.9%). The company stressed that the 2019 comparatives are a 15-month trading period from 1 October 2018 to 31 December 2019. The revenue […]
Cambridgeshire haulier Welch’s Transport has said that trading is on a “reasonably upward trend” after it saw volume improvements in its transport business in its most recent financial year.
Turnover at county Durham car transporter Beamish Transport plummeted by 20% in 2018 “arguably because of Brexit uncertainty”, according to its administrator.
Many companies are exploiting a hole in border security between Ireland and Northern Ireland and illegally shifting goods into the UK without paying taxes, according to a new report.