News

Wyvern Cargo's prospects for 2007 are "in general" looking good, says managing director John Probert. Turnover for the first half of the current financial year was "more than 10% up on the equivalent period last year", Probert tells Motor Transport. He concedes that turnover for the "early part of [2006] was not brilliant by our normal standards".

Wyvern's warehousing capacity is now better utilised than in the early part of the 2006 financial year, Probert adds, after it has won new business  and "diversified slightly" into document storage. The company's pre-tax profit for the year to March 31, 2006 dipped to £113,927 from £173,228 in 2005. Operating profit also dropped, to £265,514 in 2006 from £309,566 in 2005.

Turnover grew by 7% in 2006, to £12.0m, from £11.2m in 2005. Gross profit nudged up to £1.52m in 2006 from £1.51m in 2005. The transport and warehousing company's assets have grown to £1.17m in 2006, from £1.09m in 2005. Payroll costs for the company grew to £2.91m in 2006, from £2.65m in 2005, while directors' emoluments were up to £229,049 in 2006 from £222,472 in 2005.

Average monthly employee numbers rose by 106 in 2005 to 119 in 2006. No ordinary dividend payment was recommended for 2006.