Growing demand for container storage helped increase turnover at James Kemball by 4.75% in 2022.

The most recent financial results for the Felixstowe-based container haulage firm showed that revenues for the year ending 31 December 2022 were £88.9m.

The company said this was an increase when compared to the adjusted annualised figure of £84.9m within the 18-month period ending 31 December 2021.

James Kemball added that global inflationary pressures had led to sharp increases in direct and operational costs, particularly fuel and vehicles as well as employment and staff.

“This has led to a fall in gross profit of 11.5% and a subsequent reduction in operating profits,” it added.

Pre-tax profit for the trading period was £20.6m.

“We are a standout British business, with a reputation of excellence, investment and delivering on our promise and when a job needs doing properly our customers can rely on us,” the company said in a business review.

“Whilst Covid, war, escalating costs and economic downturn has affected most businesses across the world we have been able to continue to expand, as the company is viewed as a safe and capable pair of hands.”

James Kemball said its transport services were provided via a mixture of group owned and subcontractor HGVs, which enabled the company to match the peaks and troughs of customer demand.