Logistics firm Baylis says it is pleased with its 2005 results "despite a heavily competitive market". Baylis says its latest results, for the year to December, were delayed due to board changes, the company's focus on business development and the additional investment it has recently received from TML-Invest. Pre-tax profit soared to £2.4m in 2005, from £661,836 in 2004 while turnover grew by 4.5% to £40.2m. Operating profit more than doubled to £2.8m.
A company spokesman says: "The final
quarter of 2005 saw a new team at the helm of the business and the start of a new business development programme, the aim of which is to enhance the levels and range of services we offer to current and prospective customers. "With the recent private investment by TML-Invest we are confident that the benefits of our programme will soon be realised."
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