Great Bear reports rise in 2020 profits and turnover

Great Bear Distribution increased turnover and profits again in 2020, as the company shrugged off any adverse impact from the coronavirus pandemic.

The distribution and storage firm, which operates more than 400 HGVs and manages over six million square feet of warehousing, reported revenues of £282m last year, up 6% from 2019.

Pre-tax profit increased to £13m, up from £9.5m.

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• Great Bear Distribution predicts further growth despite pandemic

In its business review Great Bear, which was bought by Culina Group in 2016, said it had taken all necessary steps to protect employees in the face of Covid-19, while maintaining business continuity.

“The continuation of the Covid-19 pandemic and its potential impact on the company is being continually monitored,” it added.

“The directors have undertaken detailed planning and cash flow forecasting that has taken into account possible scenarios allowing the company to continue to operate as a going concern throughout the pandemic to date.”