LLoyd_Fraser

Lloyd Fraser has warned that current trading conditions are challenging, but added it was too early to say what impact Brexit might have on its future performance.

Reporting its annual results for the year to 31 August 2015 at Companies House, the Rugby-based firm revealed a 31% rise in pre-tax profits to £2.7m (2014: £2.1m). Turnover grew 9.1% year-on-year to £58.7m (2014: £53.8m).

The directors said they were pleased with the group’s progress, adding that “healthy cash reserves and no debt” put it in a strong financial position to “take advantage of any future opportunities”.

A company spokesman told MT: “Lloyd Fraser are pleased to file accounts to 15 August that show rises in both turnover and profit created by an efficiency driven consolidation of operating customs and synergies.

“Current trading is challenging and particularly volatile with significant margin pressure. The Brexit decision is unlikely to have any immediate consequences.”

Lloyd Fraser, which specialises in fashion logistics and bulk liquid and milk distribution, has more than 600 staff and operates 500 vehicles across 20 locations.

Topics