George Allinson profits boosted by increased warehouse income

George Allinson (Transport) in Darlington increased revenues by 8.4% last year, thanks mainly to an increase in warehouse income.

The haulier, which was established in 1955 and offers a range of logistics and warehousing services, reported sales of £14m for the year ending 31 August 2019 and also increased pre-tax profits by almost 40%, to £2.8m.

It said administrative wages and salaries expenditure had dropped by almost £140,000 during the period and that combined with the increase in warehouse income and subsequent effect on haulage helped boost operating profit by a third to £2m.

The company said it continued looking for opportunities to expand, but that “the business environment in general remains challenging with increased regulation, which imposes a significant burden on all businesses of our size.

“With these risks and uncertainties in mind we are aware that any plans for future development of the business may be subject to unforeseen future events outside our control.”

The company currently holds a licence authorising 100 HGVs and 260 trailers operating out of a base on the Faverdale industrial estate in Darlington.