Kinaxia Logistics is celebrating its financial turnaround after moving from a loss position in the first quarter of 2025 to a positive EBITDA by July, the company has revealed today (24 September).
The group, which has its headquarters in Macclesfield, consists of 12 subsidiaries, including Bay Freight; William Kirk; NC Cammack; Lambert Brothers Haulage; Foulgers Transport; Panic Transport (Contracts); AJ Maiden; Mark Thompson Transport; AKW; Fresh Freight; David Hathaway Transport; and Kinaxia Logistics and Fulfilment.
Kinaxia said its return to the black follows a major restructuring programme in 2024. This followed a difficult period for the company in 2023 when it suffered a pre-tax loss of £21.9m, compared to a profit of £1.8m in the previous year.
Kinaxia said 2024 was a turning point for the business, delivering a 5% revenue growth, a 17% improvement on operating losses and a further reduction in net losses - helping to put the company back on the path to profitability in 2025.
The company said its restructuring programme has created a leaner, sharper business, “with a laser focus on efficiency and performance”, supported by a revitalised senior leadership team, major investments in new fleet, technology, people and culture, a successful refinancing and strong equity backing.
Strategies executed under the programme included lease exits, operational consolidation and cost-cutting initiatives which have delivered “significant financial benefits.”
The business is also transforming its service delivery model by harnessing Kinaxia’s national depot network and local expertise and market insight.
A new regional operating model is also currently under review, designed to “supercharge” operational efficiency and elevate customer experience.
Gareth Jenkins, Kinaxia Logistics chairman, said: “2024 was a pivotal year for Kinaxia. We successfully completed a financial restructure and laid the groundwork for long-term, sustainable growth. As a result, Kinaxia has emerged as a fundamentally stronger, more resilient, and forward-looking business.
“Our performance in the first half of 2025 reflects the disciplined execution of our strategy and the positive momentum of our transformation journey.
“We are unlocking the full potential of our business, positioning Kinaxia to thrive in a dynamic market and deliver lasting value for our customers, colleagues and stakeholders.”
Graham Cox (pictured), Kinaxia Logistics chief executive, added: “Kinaxia has delivered a solid trading performance during the first half of this year in line with our business transformation agenda and underlining the strength of our growth strategy.
“At the core of our strategy is a bold commitment to technological innovation, the engine of progress and the key to exceeding customer expectations. Our customers are looking for smarter, faster and more intuitive solutions, and we’re delivering by putting innovation front and centre.
“But technology alone doesn’t drive transformation, great people do. We’re building a culture that inspires creativity, empowers talent and encourages bold thinking.
“By combining cutting-edge innovation with a passionate, forward-thinking workforce, we’re not just responding to change – we’re leading it.”
