Chris Hayter Transport defied the economic downturn to deliver a rise in both revenue and pre-tax profits last year.

The family firm, which is based in Witney, Oxfordshire, has depots in Witney, Skelmersdale and Heywood, Lancashire and has operating licences for 153 trucks and 158 trailers.

The company specialises in distribution and warehousing, including palletised distribution, IDW deliveries, line feed and factory clearance logistics, chilled transport and home deliveries. It operates in a variety of markets including industrial flooring, food, and retail services.

Chris Hayter Transport employs around 325 staff, of which 123 are drivers, up from 108 drivers in the previous year, whilst warehouse staff number 152 (2021: 149). It also employs around 50 admin staff.

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In its latest annual results to 31 December 2022, the company reported a rise in turnover to £29.3m (2021: £23.8m), with pre-tax profit leaping to £2m (2021: £1.7m).

In its strategic report to the results the directors of the company acknowledged the current tough trading conditions, citing as its principal risks as increased regulation, the uncertainty of how Brexit might affect its customerst, fluctuating derv prices, HGV driver shortages and inflationary increases in commodities and utilities.

Asked for comment on its latest financial results and current performance, the company declined to make a statement.