Boughey Distribution bounced back into the black last year, converting a £754,000 pre-tax loss into a profit of £310,000.

The Cheshire-based company, which recently announced it was opening a new 237,734 sq ft warehouse at Crewe Commercial Park, also increased revenues by 18% in the year ending 31 May 2019, to £48.5m.

Operating profit was £384,000, compared with a loss of £695,000 in the previous 12 months.

In a review of the business the company said the trading period had been “a year of significant improvement”, thanks to a combination of new customers, improving prices and improving operating effectiveness.

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“The e-fulfilment business has continued to grow in the year with seven customers now utilising the service,” it added.

Boughey, part of the NWF Group, provides storage and distribution services to the food grocery market and it said concerns over Brexit during the period had led to it storing additional stock for customers: “The additional costs incurred utilising overflow warehousing on their behalf were recovered from customers, with the majority of stock having been shipped by the year end,” it said.