Edwin C Farrall (Transport) said an 11% boost in its revenues last year was driven by the addition of a pallet network depot to its operations.
The Palletforce member said that despite 2024 being another “challenging year”, it had seen turnover increase from £14.5m in 2023 to over £16m in 2024.
The increase contributed to a 2.56% increase in gross profit - although the company remained in the red for the second consecutive year, reporting a pre-tax loss of £116,000.
However, it said this was a significant improvement on the £395,000 pre-tax loss it reported in 2023.
Farralls added that the results indicated it was progressing towards operational profitability.
“Despite an overall increase in turnover compared to the previous year, sales volumes were inconsistent on a day-to-day and month-to-month basis,” the company said.
“This level of unpredictability made resource planning and operational scheduling more difficult, ultimately impacting our efficiency and utilisation levels across the business.”
The haulier added: “Following a year of growth in 2024, the team views 2025 as a year of consolidation, with a primary focus on achieving sustainable and stable results.
“Our fleet renewal programme will continue in 2025, adopting a more structured and disciplined approach than in previous years.”
