Covid-19 pandemic pushes Fred Sherwood & Sons into profit fall


 

Fred Sherwood & Sons (Transport) saw revenues and profit fall last year as it continued to battle the impact of the Covid-19 pandemic on its business. The Leicestershire family firm’s latest annual accounts, for the year ending 31 March 2021, saw revenue dip 2.3% to £33.8m, whilst pre-tax profits fell by 2.6% to £742,000 (2020: £762,000). During the year the company, which employs around 40 staff, also saw properties valued at £3m transferred to the parent company, Fred Sherwood group […]