Gateshead-based Van Hee Transport states that the haulage income generated by Palletline has fallen by 6% on last year's figures. In its abbreviated accounts for the year to July 31, 2006, Van Hee's directors say 29% of its total haulage income came through Palletline work, compared with 35.8% the previous year.
The company's fixed assets stand at £2m compared with £1.6m in 2005. Net liability was £438,929 in 2006 compared with £176,556 in 2005, while shareholders' funds fell to £1.2m
from £1.3m in 2005. Vehicles depreciate on a 25% reducing balance. No turnover figures were given.
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