South West haulage firm Massey Wilcox saw revenues and profits increase last year, but it cautioned that a shortage of skilled drivers and a crumbling road network was making the job harder.
The company, which operates out of bases in Somerset and Bristol, reported a 14% rise in turnover during the year ending 31 May 2025, to £15.5m (£13.6m).
Profit before tax rose significantly, to just over £1m, compared to £307,000 in 2024.
The haulier said it was “comfortable” with the increase but added that it was unable to pass on direct running costs.
“This market place remains highly competitive, with charges attainable often reflecting the lower operating costs of the smaller competitors,” it said.
“Growth in the market place is not expected to increase significantly with the slow decline of manufacturing in the South West region.”
Massey Wilcox cited a shortage of “a competent and skilled workforce” and said the problem had been exacerbated by an increase in legislation relating to obtaining and maintaining HGV licences:
“Significant insurance costs are expected, reflecting the mounting volume of traffic using the country’s road network, the poor standard of the road network and lower driving ability in general.
“All similar reasons for the decline in the social acceptance of HGV driving as a profession,” it added.
The haulier celebrated 70 years of business in 2024.
