Associated Cold Stores & Transport (ACS&T) felt the benefit of an upturn in trade due to the Olympics and the Diamond Jubilee last year, with both turnover and profit up year-on-year.

For the 12 months ending 29 December 2012, turnover rose to £20.4m, from £18.7m a year ago. Pre-tax profit stood at £651,249, compared to £142,903 in the previous 12 months.

MD Malcolm Johnstone said: “The substantial capital investment over the past year in our IT infrastructure, properties and commercial vehicle fleet have also played an important part in our renewed success, and we believe that we will continue to expand our growth in 2013.”

He added that in 2012 ACS&T has seen an overall increase in the utilisation of warehouse space, as well as a number of business wins from both new and existing clients. In March it renewed its long-standing contract with seafood company Young's for a further three years,

In its directors’ report it said that 2013 had started with higher than expected warehouse utilisation and that ACS&T was “hoping to build on this promising start to sustain the improvement in performance”.