Rutland’s CS Ellis (Group) said it had enjoyed an “exceptionally good 90th year”, after pre-tax profit increased to almost £500,000.
The haulier, which trades out of three operating centres in Oakham and Leicester and runs 76 HGVs, said the first half of the trading year ending 30 June 2023 focused on satisfying customer demand for its transport services while maintaining momentum on finding cost efficiencies.
In a review of the business, it said the second half of the year presented challenges including the high cost of electricity and a flattening of revenue due to a changing of its customer base.
But the company added it had maintained its “robust financial position”.
Figures showed a 6.6% reduction in turnover to £15.1m, but pre-tax profit increased by £366,000 to £485,000 during the period.
Gross profit margin increased from 23.5% to 28.3%.
“On the last day of the financial year the trade and assets of the warehousing and fulfilment sister company, Pacwolf Fulfilment, were transferred to CS Ellis (Group), incorporating both trading operations under a new CS Ellis Logistics brand,” it said.
“This change was to ensure customers were provided with the best collective service offering, bringing the knowledge and experience from both businesses together as one efficient and cohesive entity.”
To mark its 90th anniversary in 2023, HRH The Duke of Gloucester paid a visit to its Rutland site where CS Ellis showcased its newly branded fleet livery.
