Stan Robinson Group said it had experienced another successful year with its financial position “extremely healthy” according to its latest financial results.
The Staffordshire haulier saw turnover reduce by just 2% to £26.1m in the year ending 31 May 2024; however, when excluding its diesel surcharge it said there had been an increase to £25.5m compared to £24.9m the year before.
Pre-tax profit fell by 24% to £905,000, but the company said it remained financially strong with “very good levels of cashflow providing self-funding, without the need for bank financing”.
Revenues in its haulage and storage work reduced from £25.9m in 2023 to £25.4m this year, but its parts, sales and servicing division saw turnover almost double to £159,000.
It added: “The service performance of the haulage operation continues to be excellent, underlying Stan Robinson’s continued commitment to retain and further its reputation in the industry.
“The management and staff have continued to work hard to maintain its commitment to customers by always looking to improve service quality and achieve customer satisfaction.”
The haulier also said cash generated from operations was almost £1.7m, it had net current assets of £4.9m and shareholders’ funds of almost £18m.
