The Potter Group's latest results reveal a reduced profit, but new business interests are part of a five-year growth plan, says managing director Matthew Lamb. He tells Motor Transport that the company has "identified a specific market" linked with heavy land use and rail activities for new business opportunities. Lamb also indicates interest in the sustainable distribution fund set up by the DfT for mode shift schemes.
"We're keen to work with the DfT in using facilities to switch road
traffic to rail. If we can secure grants, then that will be great," he says. Six months into the current financial year, The Potter Group is on target. "So far it looks like we're going to hit budget which is a significant improvement on 2005/2006," Lamb says.
Profit before interest and tax for the year to April 30, 2006 was £1.59m, falling from £2.77m in 2005. But sales were up to £18.0m in 2006 from £17.5m in 2005. The company's joint venture with chemical and hazardous goods logistics specialists H Essers, announced in May, has provided work in conjunction with the Belgian-based firm for "a major worldwide client - one of the blue chips," Lamb says.
